【The price of Bitcoin soared to $106,000! The explosive rise and fall ignites the market, where will it go next?】
Don't blink, the market has begun to crazily interpret high-altitude fear!
The price of Bitcoin briefly peaked at $106,000 over the weekend, then quickly retreated to $103,000, triggering over $600 million in long and short liquidations within just a few hours, plunging the entire market into a 'bloodbath'!
This sudden market surge was not a coincidence.
In a weekend environment dominated by low liquidity and automated trading, the sudden explosive rise and fall is like a 'financial blitzkrieg'—without warning, yet devastatingly effective. Currently, Bitcoin is still oscillating at a high level, driven by intertwined worries about inflation and macroeconomic uncertainty.
Scenario 1: Strong consolidation followed by a breakout.
If Bitcoin continues to pause just below $106,000 and consolidates, it may suddenly break through this key resistance level when the market is least attentive, opening the curtain on a new bull market!
Scenario 2: Healthy pullback, building momentum for a counterattack.
If it falls back to around $99,400 in the short term, or even briefly dips below, it would still be considered a structural washout. Such a pullback would actually help build a strong support level, aiding a more robust upward trend thereafter.
Regardless of the path, neither scenario signals a bearish outlook, but rather reflects that 'the big trend is not dead, but stronger'!
The current trend resembles a beast poised to pounce, quietly waiting for the next hunting moment.
The next upheaval in the market could happen the moment you hesitate!
True strength lies in not getting tangled in short-term noise, but in focusing on the direction and decisively getting on board!
