#BTC重回10万

1.16 Bitcoin Aunt Trend Analysis:

Yesterday after the US CPI data, Bitcoin soared again, breaking through the $100,000 mark. Xiaojing took a long position yesterday and gained 2000 points, but later regrettably closed a short position at a loss of 500 points. Aunt lost 30 points!

Today's Market Analysis:

In the 4-hour chart, we are in a bullish ascending channel, relying on the low point of 96200 to form a stair-step ascending channel, which is also the reason for yesterday's bullish outlook.

As long as the low point doesn't break, the bullish trend remains unchanged, although the process is slow. Overall, it is maintaining a fluctuating upward trend.

However, today's 1-hour chart shows a rise and then a pullback, and the 1-hour chart has now formed a double top structure, suggesting that the rebound will continue to be short.

The market is always about the present; whatever the current market shape is, follow that operation. If there is no breakthrough in the short term, it is a double top, so there is no need to chase at high levels. If the double top is established, the downward space will continue to increase, and we will wait and see.

Comprehensive current price 99600/3390 short 100000/3410 add position, defend at 100800/3440, target at 97500/3230.

The above strategy is for reference only!