1. Market Status and Technical Analysis

From the 1-hour K-line chart of BTC, the price recently broke through the key psychological barrier of 100,000, showing some pullback, but overall remains above the moving average. Current price is 102049.99, close to the recent high of 102650, with a narrowing range of fluctuations in the short term.

Unified Line System:

MA(7): Short-term moving average support is near 101640, indicating that short-term bulls still dominate.

MA(30): The medium-term moving average is at 100676, providing trend support.

Boundaries and Support:

Resistance level: The current resistance is the high point of yesterday at 102650, and after breaking it, it is expected to further challenge 103000.

Support level: Short-term support is at 101640 (MA(7)), with stronger support at the psychological barrier of 101000.

Trading Volume and Momentum:

The trading volume expanded during the previous rebound phase, but currently shows slight fatigue, indicating a potential need for short-term consolidation.

2. Today's Operation Suggestions

Based on technical analysis, it is recommended to formulate an operational plan based on the upward breakthrough from Nanjing and the short-term adjustment pullback.

Direction one: Bullish trend (long position)

Condition: If the price breaks through 102650 and stabilizes at that resistance level, consider following the trend to go long.

Opening position: Around 102700

First take profit level: 103000 (small width breakthrough of the integer barrier, about 300 points of space)

Second take profit level: 103200 (targeting the breakout above the resistance, about 500 points of space)

Stop-loss level: 102000 (stop loss after breaking short-term support to avoid pullback risk)

Direction two: Short-term adjustment (short position)

Condition: If the price breaks below short-term support at 101640 and does not rebound quickly, consider shorting.

Opening position: Around 101600

First take profit level: 101200 (retesting short-term support, about 400 points of space)

Second take profit level: 101000 (testing psychological barrier, about 600 points of space)

Stop-loss level: 102000 (stop loss after breaking key support to avoid setbacks for shorts)

3. Strategy and Risk Control

Range-bound operation: The current market slightly favors bulls, but faces resistance above, suggesting to closely monitor the breakout situations at 102650 and 101640.

Capital management and risk control: It is recommended to invest no more than 20% of the total position in each operation and strictly implement stop-loss and take-profit.

Chasing highs or bottom fishing: When the price approaches high levels, both long and short positions may experience reversals, adjustments should be made based on changes in trading volume and momentum.

BTC remains bullish overall after breaking through key resistance, but caution is needed for high-level fluctuations or adjustments in the short term. It is advised to maintain rationality and act in accordance with technical signals. The cryptocurrency market changes rapidly, lock in your sources for more opportunities!

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