Bitcoin Key Watershed: $106,100 Determines Future Market Direction
Bitcoin rebounded yesterday after finding support around $103,300,
and is currently forming a triangular consolidation pattern.
$106,100 will become the key price level that separates bulls from bears,
and the future market may present two distinctly different trends:
Scenario One (Bullish Breakout)
If BTC can effectively break through and stay above $106,100, it is expected to continue its upward momentum:
Short-term target: $110,000
Medium-term target: Challenge historical highs, aiming for $130,000
Scenario Two (Continued Adjustment)
If it is blocked by $106,100 and fails to break through, it may continue to adjust:
Primary support: $100,000 round number
If lost: It may test the $92,000-$95,000 support range
Trading Suggestions:
Closely monitor the breakout situation at $106,100
If it breaks out and confirms a pullback, consider going long
If blocked and falls back, maintain a wait-and-see approach
Strictly set stop losses (recommended 3-5%)
I am Yasheng, skilled in medium and short-term contract trading, sharing investment techniques daily, detailed strategy teaching at @亚圣说趋势 !
