Yesterday, Bitcoin successfully broke through the 97,000 USD mark, setting a new recent high, and the entire market was abuzz. But the key question is: can we see 100,000 USD tonight?
From a technical perspective:
From the daily chart perspective, Bitcoin has continuously broken through highs with no significant divergence, still in a strong upward channel.
Although the RSI is in the overbought zone, there is no obvious reversal, indicating that the strong will remain strong.
After a quick rebound from 95,000 on the hourly chart, it indicates that buying interest below is very strong, and the market makers do not want the price to drop too much.
On the capital and emotional front:
The on-chain premium rate of USDT continues to expand, indicating that off-market funds are continuously flowing in;
Social media popularity index has surged, with 'BTC' related searches hitting a nearly 3-month high, retail sentiment is rapidly warming up;
The market is experiencing a 'short selling liquidation wave', with over 400 million USD in short positions liquidated just this afternoon.
Conclusion:
Bitcoin is highly likely to continue rising tonight, with a short-term target aimed at the 98,000~100,000 USD range! If 100,000 is breached, FOMO sentiment may trigger an even crazier market, potentially entering an acceleration phase.
Trading advice:
Holders should continue to hold, and definitely do not get washed out by small fluctuations;
Those who want to get in can wait for a slight pullback to the 95,500~96,000 range to test for entry, but be mindful of risk management.
After breaking through 100,000 USD, consider gradually taking some profits for safety.
At this stage of the market, whether you make money or not really depends on your 'decision-making ability'. Follow me, and you won't miss any key turning points!
