Bitcoin's early trading session strongly breaks through, starting a new round of upward cycle. Today, Bitcoin (BTC) experienced a significant surge, with the price reaching a high of $97,700.
With the key resistance level of $96,000 effectively breached, the technical pattern confirms a structural change, officially establishing a new upward trend.
From a trading strategy perspective, it is recommended to adopt a buy-on-dips approach.
Key support levels to focus on below are $96,000, $95,500, and $94,500. Investors can gradually accumulate long positions based on the price pullback at these levels.
As for target levels above, the short-term resistance range is $97,000 - $98,000. If this area is successfully broken, the upward space is expected to further open up, aiming for the $99,500 - $100,500 level.
