After 90 days, the Bitcoin has once again surged to the 100,000 position. Yesterday, influenced by the news, the market experienced a comprehensive rise, reaching a high of 104,300, with an increase of 5,000 US dollars overnight.
Currently, looking at the smaller time frames, there has been a pullback. A significant rise will inevitably lead to a normal correction. The current position of 102,000 has also become a support level for Bitcoin, and we will see during the day whether this position will be broken. It is even possible to touch a new high of 110,000 before dropping back to fill the gap, or to directly break the support first, fall to fill the gap, and then continue to rise.
For short-term positioning, pay attention to the range of 105,000 to 101,000. Bitcoin will oscillate here, performing high sell and low buy at the support level. Long-term holders should continue to hold steady; the trend for Bitcoin still looks bullish.