1.7 Bitcoin Market Analysis and Trading Suggestions
Currently, the overall market situation aligns with our expectations. Yesterday, the price repeatedly tested 99,800 but failed to break through, and then surged to break the resistance, rising to around 102,000. Those who followed the trade have secured their profits.
From the current overall structure of the market, we are in a high-level consolidation phase, with a strong bullish trend taking precedence. Even if there is a pullback, it will be quickly recovered.
Currently, we can wait for the price to stabilize after a pullback before entering the market.
The Bitcoin price is hovering around 101,000, with a target of around 104,000.
