Bitcoin Surpasses $106K: Trend Restart or Just a Short Breather?

Pullback reminder: Dropped to $98K in early November

In early November, the price of Bitcoin temporarily fell to $98,000, a drop of about 7%. This pullback indicates that even after breaking through key levels, prices may still experience periodic fluctuations.

The reasons for the pullback include profit-taking, an increase in short positions, and fluctuations in macro news. This retracement also provides conditions for the price to stabilize and restart its upward movement.

The core factors for breaking through $106K

• Institutional capital inflow
• Macroeconomic environment eases
• Technical breakthrough: successful breakthrough of multiple resistance zones

Trend Reboot Signal

• Support is solid
• The capital market is active.
• technical breakthrough

With three signals synchronously appearing, the likelihood of a trend restart is higher.

The risk of a pullback still exists.

• History shows that the area near $106K may face resistance.
• Macroeconomic risks such as high interest rates or geopolitical surprises
• Breaking through does not equal a comprehensive bull market; the price still has fluctuations.

Operation Reference

• Observe whether the price stabilizes at the key support level.
• Pay attention to trading volume and capital flow.
• Batch allocation can reduce risk.
• Stay sensitive to macro news

Summary

Breaking through $106,000 is a positive signal, but it is still necessary to pay attention to pullbacks and capital flow dynamics. Combine technical analysis with capital flow direction to assess trends, rationally evaluate trading opportunities, and avoid blindly chasing high prices.