🚀 BTC Price Analysis: Breakthrough and Trend Confirmation

🔍 Core Observations

Current Price: Strongly broke above the range, currently priced at $117,885

Important Weekly Close: Expected to form a weekly close at this price level for the first time, indicating potential upward extension

📈 Key Range

Range High Point: If it falls below the previous range high point ($109,771.5), caution is advised as selling pressure may appear

Upward: If it can maintain above the current price level, the trend will continue to develop in a favorable direction

⚠️ Risk Warning

If the price falls back to the range low point ($90,858.5), proceed with extreme caution

💡 Trading Strategy

Conservative Long-term Traders: Set stop-loss orders based on the current breakthrough and follow the trend

Short-term Traders: Monitor potential pullbacks, pay attention to support levels, and position accordingly

👀 Summary

The current BTC trend is strong, but maintaining caution and leveraging trend advantages in formulating trading strategies is key.