$BTC

Bitcoin Price Analysis: Building Momentum to Challenge the $100,000 Mark!

Bitcoin is making significant moves again! On January 3rd, the price closed strongly above the moving average, with bulls starting to gain strength and selling pressure easing. Next, let's take a look at the market trend and operational strategies.

1. Daily Level: Will it Challenge Historical Highs or Pull Back?

The bulls have a clear goal of pushing the price to the key resistance level of $100,000. If successful, Bitcoin could soar to the historical high of $108,353, and even challenge $127,000! However, sellers are unlikely to give in easily, and there may be fierce competition around the $100,000 mark.

But if the price significantly retreats from around $100,000 and falls below the moving average, it indicates that the market may enter a consolidation range of $90,000 to $100,000 in the short term.

2. 4-Hour Chart: Short-Term Trend Details

In the short term, bulls are temporarily dominant:

The 20 moving average is sloping upwards, and the RSI is at 64, indicating strong buying power.

Bitcoin is currently stabilizing above the 20 moving average, with bulls striving to break through the $100,000 resistance.

Once broken, the price could soar to $102,540 and then challenge $106,627! However, if it unexpectedly falls below the 20 moving average, the short-term advantage will be lost, possibly pulling back to around the 50 moving average.

3. Operational Suggestions: Be Prepared for Both Scenarios and Respond Flexibly!

Bullish Strategy:

If it breaks through $100,000, consider entering a long position with a light load, targeting $102,540, with a secondary target at $106,627.

Bearish Strategy:

If the price falls below the 20 moving average (around $97,000), consider entering a short position, targeting the support level near the 50 moving average.

Brothers, Bitcoin is making a push towards $100,000, which is a crucial threshold! Both bulls and bears are gearing up, and volatility is expected to increase in the short term. Be flexible in your operations and judge the direction based on key levels!