Bitcoin recovered yesterday, but has temporarily failed to break through the 100,000 point threshold and has experienced a correction. So how should we respond next?
Bitcoin reached around 97,200, with weak upward momentum, and during the night it continued to surge past a new high to around 99,650, just one step away from 100,000 points.
Technically, on the daily time frame, it is still a strong uptrend, but on the 4-hour frame, the upward force is insufficient. Although it has risen several thousand points from 90,000 to 92,000, the 4-hour frame still poses a risk of peak divergence, requiring special attention to the correction force here. It must not break the 96,500 level; if it does, it may correct to around 93,000, making it harder to surpass 100,000.
100,000 is a round number threshold, representing psychological pressure. Once surpassed, it will quickly add another 2,000 to 3,000 points. Until it is broken, buyers need to accumulate strength.
During the day, first, let’s observe this correction. The Yang system recommends paying attention to short-term support around 97,500; if it breaks strongly, we will look at the 96,500 level. Whether it breaks or not, there will be a recovery. If it breaks strongly, watch for around 95,000, followed by 93,000.
If it can hold above 96,500 over the weekend, then the 100,000 point threshold will definitely be broken, and it will be very quick, with the next target around 102,000.
The Yang system mainly implements a buying strategy during corrections, only entering sell orders when there is minor divergence. 100,000 points is the short-term target.
