Bitcoin has surged nearly 30,000 points in less than a month, with no pullbacks during this period. This momentum is even stronger than when Trump was elected, and the extent is beyond anyone's imagination.
The current trend is undoubtedly driven by all favorable news, completely lacking any technical analysis; winning or losing relies entirely on position and mindset.
The psychological game between retail investors and institutions, where is the upper limit? Currently, just referencing the 105,000/108,000/110,000 thresholds, while the lower support at 103,000/100,000 remains strong. In such momentum, the bold will thrive while the timid will perish.
Continuing to adjust and slowly rise over the weekend, Ying Jie has emphasized multiple times that during the weekend, the focus should be on low buys as much as possible; this approach has a 95% chance of success.
The weekend saw a third test of the 105,000 threshold, indicating strong resistance at this position. If broken, it may continue to the 106,000-107,000 area; if not, it will retest the 103,000 level, and then we will look at the guidance at 2 AM.
If it breaks through first, we can go short in the 105,000-106,000 area, targeting around 103,000.
If it pulls back first, we can follow the trend in the 102,500-103,000 area, targeting the 105,000-106,000 area. $BTC