Bitcoin breaks 100,000, creating a new historical peak!
From the perspective of the hourly chart, it is currently in a narrow fluctuation pattern and may face some adjustments. However, looking back at the previous trends, the continuous and steady slight rise has already demonstrated strong short-term upward momentum. The current narrow fluctuation can actually be seen as a brief rest in the upward process, just like taking a short pause while climbing a mountain to gather strength for further ascent. As long as the key support level is not breached, the overall upward trend remains solid as a rock.
Switching to the 4-hour chart dimension, the price has been hovering and fluctuating at a high level, yet the pullback is extremely weak, with the K-line firmly above the short-term moving averages. This fully indicates that the bullish strength is still strong, and the short-term moving averages serve as a solid support foundation, steadily supporting the price trend. It is as if in a battle, the bulls are firmly holding their ground, and the bears are entirely unable to turn the situation around. Following the current trend, it is highly likely that the bulls will exert force once again, pushing the price to higher levels.
Follow me for daily updates on the latest and highest quality market information, wishing you a smooth journey to wealth.