What is the intention behind Bitcoin's strong rebound after the drop? What price level can it reach this time, and will it break the $100,000 barrier?!

Since Bitcoin fell to around $90,000, any analysis of Bitcoin from any perspective suggests a rebound. It has now surpassed $98,000. For me, $97,000 is a very significant resistance level, yet it was broken so easily. Currently, it seems that Bitcoin is not just reaching $98,000; it is very likely to test the previous high, which is the $100,000 barrier! The pin bar market may also test this, so do you dare to seize such an opportunity?

The recent rise has restored the confidence of the bulls. For the whales, it is simply to allow Bitcoin believers who made money during the rise in the previous months to enter again at a high price! If those who made money do not enter, who will the whales harvest? Therefore, the purpose of the current rise is singular: to give the bulls hope, not just the bears. In the crypto world, it is best to not take back any of the money earned, as this will surely have significance for the whales' harvesting.

Let me put it this way, November has ended, and December will definitely bring significant market fluctuations throughout the year, driven by the fears of a downturn. If you are unclear about the reasons, you can look into what American capital is doing; Trump is already in office, and the lobbying for digital currencies has ended. Recognition does not mean it can do as it pleases; money laundering, fraud, etc., will definitely be prioritized by Trump. As long as the controls are strict, it will be an absolute negative!

I do not know if this time it can break the $100,000 barrier; the whales also do not know. They need to see where the satisfactory harvesting point is; currently, everyone is getting on board.

Although I have reduced my positions to take profits, I still hold positions in Bitcoin. Next, I will add to my position from $92,000 to around $94,000, and I will start placing orders around $99,500. It is not that it cannot break through; I am just managing the risk-reward ratio of high-probability events. Moreover, I am betting on a big drop; the recent downturn was just an appetizer, and the second bottom will come back even more violently. Let’s wait and see!