You should also know that the big bitcoin surged last night but was blocked at the 96,000 level. Now, in the short term, I don’t think it will rise again, and I don’t think it will break through. External factors are also very important (analysis below). Now it will only oscillate around this range, and the amplitude won’t be very large.

From a monthly perspective, it hasn’t dropped much, but often this kind of market combined with talk of Trump taking office will hedge against it.

Last month ended two directions (now it’s clear)

100,000 to 130,000 range

85,000 to 95,000 range

From a four-hour perspective, the death cross is pointing downwards (just observe the resistance and support levels)

The pressure level above is 96,000-97,000-98,000.

The support level below is 94,000-92,000-90,000.

Moreover, my overall direction these days is bearish (you should understand this from my articles), let’s first take a look.

Why is the overall direction bearish? Because firstly, this expectation hasn’t disappeared. It’s not that after a drop, this expectation ceases to exist. On the contrary, after a significant drop, it still needs to rebound. Thus, moving downwards, there is support.

For example, if it drops to 92,000, you can buy with confidence. But this timing is only for this month or in the short term. If, say, it drops to 80,000 in March next year, whether it can be bought is uncertain, right? So we can’t say that at a certain level it can definitely be bought; it depends on the suitability.

The short position strategy provided has already reduced positions, and the remaining target is to see 90,000.

For 100,000 bitcoins, even if there is profit to be made, there’s no need to be overly optimistic. The overall atmosphere remains consistent.

Looking at this rhythm, there will be a wave of market activity during the Spring Festival after Trump takes office, but we still have to wait. Before the Spring Festival, there’s a chance to touch 80,000 to 85,000, which can be bought with confidence. After Trump takes office, there will be a small market activity.

A small market may not necessarily be 95,000 to 120,000, it could also be 78,000 to 95,000. Grasp the rhythm of the waves to profit from it.

We are all speculators, so let’s not talk about value investing.

Actually, my viewpoint is still quite clear, including after Trump’s victory, I’ve been bullish on bitcoins over 70,000 and have said it can be bought.

But after 100,000, it’s not necessary anymore. Even if there is profit to be made, there’s no need to participate. Like I said above, after the floodgates are opened, there is still a possibility to participate.

Strategy summary:

Low long positions, BTC entry points: 91,555-90,777

Stop loss at 90,000, take profit at 93,555-95,555