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December 5th, Thursday, Lao Mou BTC market analysis:
BTC finally broke the '100,000' mark, and a midnight Rebound was triggered, breaking out of the range oscillation of the past few days and reaching around 99,000. Lao Mou, together with real coin friends, took a 3300-point exit. After consolidating around 98,000 in the morning, it went directly up, breaking through the new high and reaching 100,000, let us witness this historic moment.
From the market data perspective, BTC surged to 100,000 and even reached the 104,088 level. After the Long Wick Candle, it is currently located around 101,900, with a huge range of fluctuation, which can fluctuate by several thousand points at any time. Fellow coin enthusiasts, be cautious about getting on board and reducing your positions, focusing on light positions. Next, pay close attention to whether the 100,000 mark will become a top and transform into support below, and whether it is effective.
As a whole, looking at the recent trend, the main direction for everyone is still to go long, and under the big market, just follow the trend. In the afternoon, it is safe to go short at the 100,000 level, and it is advisable to reduce the Position and appropriately enlarge the reserved range.
BTC afternoon get on board direction: 100500-101000 range is relatively turbulent, with a potential upward move towards 104000-105000. The range is quite large, so it is advisable to defend yourself based on your own Position. #BTC