Bitcoin repeatedly confirms around 98,000, and this level is absolutely critical. Breaking through resistance clearly on the upside, but also prone to falling below support on the downside, making both sides vulnerable. Caution is advised when going long at this height; it depends on whether trading volume can keep up, otherwise you risk becoming the bag holder. Short-term volatility could be quite significant, so if you haven't thought it through, don't force it. Managing risk is more important than anything else.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitcoin repeatedly confirms around 98,000, and this level is absolutely critical. Breaking through resistance clearly on the upside, but also prone to falling below support on the downside, making both sides vulnerable. Caution is advised when going long at this height; it depends on whether trading volume can keep up, otherwise you risk becoming the bag holder. Short-term volatility could be quite significant, so if you haven't thought it through, don't force it. Managing risk is more important than anything else.