There's not much to say about the weekend fluctuations; Lao Mo is here to predict a long-term forecast.
Currently, Bitcoin is in a consolidation period after a rise, with steady trading volume and no large-scale long liquidations, so there’s no rush to dump. The bullish momentum is still present, and there’s a high probability that it will first leverage the momentum to test around 108,500, attracting trend-following traders; after a slight surge, it will dip back to around 106,000 to wash out short-term floating positions, using the support level to control the market; after the pullback, it will rise again, breaking through previous highs with increased volume, pushing towards 109,500 and 110,000, attracting latecomers for a good exit. If it stabilizes above 110,000, we can look for even higher levels, but it needs to be supported by news; we must avoid sudden negative news disrupting the rhythm.
Of course, this is just a forecast; I am not a fortune teller or insider; everyone can just enjoy for fun 🤪
