In the latest developments, Bitcoin (BTC) has officially broken through the important resistance level of $95,000, showing that strong growth momentum is returning.
Investors are currently concerned about whether this bullish sentiment has enough momentum to push BTC to its historical high of $100,000, or if it will continue to repeat previous adjustment patterns?
Market Summary: Major resistance broken: $95,000 Current price: Maintaining above $95,000 Next resistance: $96,000-$97,500 Next scenario: If BTC can stabilize above $95,000 and strongly break through the $96,000 area, then the march towards the $100,000 area will be broader than ever. Confirmation of the trend may attract FOMO inflows from both retail and institutional investors, rapidly driving prices up. Conversely, if BTC cannot maintain the $95,000 level, a quick sell-off could happen, causing prices to fall to the recent support area between $93,000-$94,000. This would lead to a short-term adjustment but would also be quite volatile. Motivation and Risks: Currently, market momentum is very strong, but it comes with extremely high volatility. The next candle in the short time frame (1h-4h) will play an extremely important role in determining the next trend. Investor Advice: Pay close attention to the $95,000-$96,000 area for confirmation signals. If you decide to participate at this time, strictly manage your funds due to the high volatility. Prioritize flexible strategies, and be prepared to cut losses quickly in case of adverse situations.
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