BTC Strongly Breaks Through $10,000! Volume Soars by 7.5%, Is a Bull Market Signal Already Present?
A large bullish candle ignites market enthusiasm, with Bitcoin's intraday increase approaching 7.5%, and trading volume surging to more than twice the recent average, indicating significant capital inflow. The price forcefully stands above the $10,000 mark. Although there may be a short-term need for a pullback due to overheating, the upward momentum at the 8-hour level remains strong. Short-term traders can focus on low long opportunities in the 15-minute to 1-hour range.
Key Level Analysis:
Resistance Area: $105,000, $110,000, $120,450 (strong resistance at the daily level)
Support Area: $99,500, $97,750, $95,200, $92,840 (key defensive levels for pullbacks)
The current trend remains strong, and any pullback is merely a technical correction. The strategy suggests accumulating long positions on dips. It is expected that there will be high-level fluctuations in the coming days, with around $100,000 potentially becoming the focus of long and short battles. Market sentiment is heating up, but one must be cautious of increased volatility—keep a close eye on momentum changes to seize precise entry points in the trend.
