#BTC $BTC Many people still have a bullish sentiment towards Bitcoin, after all, last Monday the entire week was in a strong rebound market, and Friday night continued to rise. Anyone who looks at the K-line trend should know that it is in a breakout state; it's too obvious! But as Yanling previously mentioned, this is a standard false breakout. You might understand a false breakout as a quick recovery after a breakout, and yes, that's one of the types. However, this kind of clear independent breakout action also belongs to the category of false breakouts. During the volatile vacuum period of Bitcoin, any rise or fall is nonsensical, so you need to treat breakout markets with caution; a breakout does not equal a trend development.

Many people believe that a reversal judgment must have at least a 50% or 61.8% amplitude. Above this level, the market has the possibility of returning at any time. Moreover, this rise is about to achieve price breakout, structural breakout, cycle breakout, and trend breakout. Once these four conditions are met, with the support of these four buffs, many people find it hard to resist choosing to go long. As for the target, no one will set limits. In short, we must first look at the two phases of breaking 100,000 and 105,000. However, the world is unpredictable; it is often easy to go from joy to sorrow. There is still some time before the understanding king takes office, and before that, it is hard to say what surprises the market might bring. It is advisable for everyone to proceed with caution. It is fine to go long in the short term as per the trend, but one should avoid greed and aiming too high, lest one be caught off guard by sudden profit-taking.