Yesterday, Bitcoin rebounded around 98,000, then rose to around 102,500 before starting to pull back. Those who went long at this point should have struggled to hold, as the pullback point reached 99,500, making it easy to hit stop losses. Late at night, U.S. stocks opened high and Bitcoin surged again to 104,171, which means that last night wiped out a large portion of long positions. This point is halfway to 100,000, and those chasing long positions might find it difficult to enter!
The key question for Bitcoin now is where the pullback will go. Friends who bought long around 98,000 can see if they can still hold on! Long Ge's view is that the range of 98,000-105,000 is likely to establish a threshold, but it also depends on whether the bullish main force can break past the 105,000 barrier!
