1.14: Bitcoin Bulls Will Continue, Avoid Misjudging the Situation

The badge promptly updated the bullish article yesterday titled "1.13: Bitcoin Prepares for a Bullish Rebound, Horns Could Sound at Any Time." As expected, Bitcoin continued to rise from yesterday evening to 6:00 AM today, successfully breaking through the resistance zone of $94,800, the upper boundary of nearly two months of consolidation, achieving an effective breakout. After the analysis was published, BTC price continued to surge by over $4,000.
Regarding the upcoming market, the badge believes that the bulls will continue because the price breakout is not simply to lure more selling, but rather reflects higher price demands. After all, the main force has bottom reserves of exchange chips and needs to sell at higher prices for profit. Therefore, blindly shorting during this period is less likely to be profitable. For this kind of rapid upward movement, the price usually stabilizes and does not provide many opportunities for low-position longs to enter. Accordingly, rational participation can continue to engage in long positions, using pullbacks to add to positions to respond to the bullish trend. Blind shorting is not recommended, as the profit from pullbacks on short positions is small and could be easily overwhelmed again by well-rested longs. Meanwhile, the upper level is sufficiently high, so patience in holding is advised.