Will Bitcoin surge to 150,000⁉️ Or plummet to 80,000⁉️
Today's morning session is very critical; it is known that Bitcoin experienced its first pullback yesterday, and the pullback was very minor, from 105,800 to 100,700, roughly a pullback of 5,000 points. This magnitude is clearly insufficient to be considered a formal round of pullback.
⚠️ From a technical perspective, this 5,000-point small decline should be categorized as a prelude to a subsequent major market movement. Currently, both major upward and downward structures are possible.
If it follows the trend in Figure 1, it can be understood as a continuation during the upward process.
If it follows the trend in Figure 2, it suggests that Bitcoin could surge to 110,000 before experiencing a significant drop, which can also be interpreted as a narrow range at high levels before a crash. Therefore, both major trends currently have sufficient market evidence to support them, and neither side has any compelling evidence of dominance.
Beware of teachers who flaunt their profits every day; gains and losses are two sides of the same coin. If you're overly bullish, the money you make can easily be lost back. Let’s not even discuss the authenticity of their profits; even if they are real, the trading system and ideology are questionable.