[Is BTC going to hit $120,000, or retreat to $100,000? The critical moment has come]
Recently, Bitcoin has been like a roller coaster, with price deviations increasing and trends fluctuating repeatedly.
Many people are asking: Is this a healthy wash, or a prelude to a deep correction?
The reason for the decline is not simple. It is not a simple technical break, but a disruption of macro news:
The former president of the United States suddenly announced tariffs on Canada and Mexico, and global market sentiment exploded directly
Bitcoin once lost $91,000, and the liquidation amount was nearly $1 billion
Although the federal court subsequently stopped the tariff decision, the market failed to quickly repair the wound
From a technical point of view:
The DMI indicator has formed a bearish crossover
RSI continued to weaken, indicating that the momentum was exhausted
The key support is $102,153. If it is lost, it is not alarmist to step back to $100,000
If it is stable, the target range is a strong resistance band of $105,937~107,615
It is worth noting that:
The "whales" of perpetual contracts are guarding the $100,000 mark
The main spot is shipping at a price of $120,000
A new round of confrontation is brewing between longs and shorts, and the monthly closing price will determine the fate of the trend!
My point of view:
This is not the beginning of a bear market, but a baptism on the road to a bull market!
Any strong trend will have a retracement and divergence stage.
The real masters do not FOMO at high points, but ambush accurately during the callback!
Remember this golden sentence:
Without shocks, there are no differences; without differences, there are no opportunities!
