Where can Bitcoin rise after breaking 100,000 USD?
Bitcoin has broken the 100,000 USD mark, but everyone is holding onto their Bitcoin and not selling, resulting in fewer Bitcoins on the exchanges. This indicates that most people in the market believe it will rise further.
Checking the trading data, it is found that in the range of 98,000 to 99,500 (specifically, at 97,500 USD there are 309,000 coins, and at 98,900 USD there are 198,000 coins), many people had purchased at this price level before.
Now that the price has gone up, the trapped chips are decreasing, but the round number of 100,000 may need to fluctuate a few times, requiring many people to buy and sell at this level to establish a solid footing.
Next, we need to keep an eye on the 105,000 USD level, which is the next important resistance level.
Recently, the market is entirely driven by news; what Trump says is more effective than economic data. Just yesterday, he announced signing a trade agreement, and the market immediately changed direction. Now the market is like a roller coaster; when Trump says he will raise tariffs, it plummets, and when he talks about cooperation, it soars. Therefore, we need to focus on: progress in trade negotiations, economic data, and especially what new developments Trump announces daily.
Actually, if it weren't for Trump's previous tariff antics, Bitcoin would have already reached a new high. Currently, the market is being led by policy news, and everyone needs to pay more attention to the news.
