Ice Tangerine Surges Forward! Can the Rally Continue Towards 100,000?

Dear crypto friends, it is now 2:50 AM Beijing time, and the current price of Ice Tangerine remains steady around 96,500!

This week, we clearly called for a northbound move at 90,000. Now, it’s directly rushing towards the 97,000 range, with the main force clearing obstacles all the way, giving no chance for a pullback. Especially after a strong breakout of the key resistance at 94,000, the rally has been fully ignited! Congratulations to brothers who are keeping up with the pace!

The key question is: can this rally break through the 100,000 mark in one go? If there is short-term resistance, where is the next best entry point? Should we continue to follow the upward trend, or be cautious of a downward risk?

Looking at the daily K-line data: before the report, the highest touched 97,750, and the lowest dipped to 94,400. After the main force precisely retested the Fibonacci 0.618 support level, it strongly surged, directly breaking through the EMA120 trend top resistance at 97,000! Currently, the price is oscillating sideways along the EMA120 line. If it cannot effectively hold this resistance level, it is likely to fall back to the 94,000 zone for consolidation. The indicators are also impressive: MACD continues to expand with increasing volume, DIF and DEA are both in bullish mode; the upper band of Bollinger Bands at 95,800 has been completely broken, turning the resistance into a strong support! In terms of trend, a retest of support is a good entry opportunity. In the short term, focus on buying on dips northward, and avoid southward risks for now!

Looking at the four-hour K-line: a classic teapot shape has formed perfectly, signaling a clear strong northbound move! The EMA trend indicators are also expanding upward in sync, with the EMA15 trend line providing strong support. It is expected to continue upward based on the 94,000 division line! The Bollinger Bands are widening continuously, and the K-line repeatedly oscillates above the upper band at 97,000, moving upward. Although the short-term market has entered an extreme overbought zone, indicating a technical correction may be needed, a pullback is also an opportunity. The overall upward trend remains unchanged! #btc $BTC