The Eve of the Bitcoin Storm: Bears Deeply Buried, Bulls Gaining Momentum, Is 100,000 Just Around the Corner?

Last night, after the U.S. stock market opened, Bitcoin experienced intense fluctuations, initially rising before crashing, dipping to a low of 91,900 points before quickly rebounding, indicating that bulls still have support.

Currently, the coin price is hovering near the middle band of the Bollinger Bands, with the bullish market taking the initiative, and many target expectations pointing directly to 98,000 or even the 100,000 mark. However, to break through, it is necessary to clear the bears who are accumulating near 93,000 and those who are holding positions at 96,500.

My view: Bulls dominate, but swing trading is more stable.

Today's recommendation:

Short in the 94,000-94,500 range, target 92,000; if it doesn't break, it's not advisable to chase high.

Long in the 92,000-92,500 range, target 96,000; bulls may gather strength for a counterattack.

Rhythm is key; do not blindly chase trades, staying flexible is the key to victory.