Bitcoin (BTC): Is the pullback real or false? When will it break through $100,000?
Recently, the BTC price has been quite volatile, first breaking below the upward trend line, causing many investors to rush to short, but soon after, the bulls rebounded, pulling the price back above the trend line.
So, is this a bull counterattack, or a trap set by the bears? Let's analyze it.
1. Strong bulls, aiming for $100,000
Strong support at the 20-day moving average
On November 26, although BTC broke below the upward trend line, the 20-day moving average (approximately $90,700) still provided strong support. This indicates that bullish buying remains strong and the market support is sufficient.
Returning to the trend line, target upgraded
On November 27, BTC successfully stood back above the upward trend line. If the price maintains above this position, the next target may be $100,000, and after breaking through, it may further challenge $107,096 and $128,337.
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Operation Strategy
Short-term operation: Currently stable above the trend line, consider opening long positions on pullbacks, targeting $100,000, and if it breaks through, then target $107,096.
Stop loss suggestion: Set the stop loss below the 20-day moving average for manageable risk.
2. Bears not retreating, need to be cautious of lost support
If BTC breaks below the 20-day moving average at $90,700, a pullback may occur.
Key support interval
The $86,586-$85,835 range is an important support area. If it drops to this range, buying might come in.
Bear strategy
If BTC breaks below the 20-day moving average and the rebound is weak, consider opening short positions targeting the $86,586-$85,835 support interval.
3. Summary
The key to BTC's movement is:
The same news, the same layout, the same opportunity, the same increase, fans first!
Hold the trend line: Bulls aim for $100,000, or even higher.
Break below the 20-day moving average: Bears may take over, targeting the support interval.
Stay calm during operations, wait for confirmation of key support before entering, follow the trend to increase the chances of success. #比特币走势分析
