$BTC
đBTC rebounded from $100,718 on May 12, indicating that the bulls are set to do something big: they want to turn the psychological barrier of $100,000 into a new starting point!
đ§ąKey point: If we can hold $100,000, there is hope!
As long as BTC can steadily stay above 100,000 USD, it is equivalent to standing on a "rocket launch pad", greatly increasing the chance of soaring to a new historical high!
But don't celebrate too early, the 107,000 to 109,588 USD range ahead is a major resistance zone, and the bears are on high alert here. If the bulls can really push through this range in one go â then reaching 130,000 USD is not a dream!
â ď¸Warning! It will be dangerous once it falls below this position...
The biggest hidden danger below is that BTC falls below the 20-day moving average (98,400 USD), which may cause short-term buyers to lose their confidence and start to panic sell.
If this situation occurs, BTC is likely to slide down to around the 50-day moving average (89,951 USD) â then we should withdraw our long positions and not resist.
đŻ Operation Suggestion:
Maintain stability at 100,000 USD: Boldly bullish, targeting directly towards 130,000 USD;
Break below $98,400: cautious observation, may retrace to the 90K area for further opportunities;
Dropped below $89,951: short-term weakness, long positions should exit first, and short positions can wait for an opportunity.