100,000 USD just broke through! Bitcoin bounces back to test the 100-day moving average, is the bull counterattack sounding the first shot?
Bitcoin just touched the key support level of 100,000 USD, and short-term buying quickly entered the market, with trading volume also rising.
From a technical perspective, it has completed a test and confirmation of the 100-day exponential moving average. Although it briefly fell below the psychological barrier, this rebound is clearly not a 'false resurrection'.
This is not the kind of violent surge to save the situation, but a rhythmic 'bottom repair':
The key support level is effective, indicating that buying power below is still present.
The trading volume is supportive, meaning it's not just a simple pullback.
What we need to watch now is:
Do the bulls have enough firepower to turn this repair into a trend reversal?
Or are the bears just 'loosening their grip,' waiting for a lower point to harvest again?
A key signal for judgment: can the daily level stabilize above 100,000 USD?
For the bulls to turn around, this is the first checkpoint.
What do you think, is this surge the starting point of a counterattack, or just another false move?