Bitcoin makes a strong comeback! Key support is firmly held, is the next stop approaching the historical high point?
Bitcoin $BTC finally broke through the key support of $101,000 yesterday, but note - it did not crash, instead it rebounded strongly!
This is not a signal of 'the drop is over', but rather a **'preparation to continue the rally after cleaning out the floating supply.'**
Core views:
1⃣ The $100,000~$101,000 range is the last 'lifeline' for the bulls, and it has been defended as of now.
2⃣ If we smoothly reclaim the $106,000~$107,000 area, we can return to the main uptrend zone, approaching the previous historical high of $111,000.
3⃣ Conversely, if we lose the $100,000 level again, the next stop will be a deep squat test in the $94,000-$95,000 area, but that would also be a golden opportunity for medium to long-term accumulation.