#BTC #GT新年屡破新高，接下来到多少？ #市场回暖，你买什么？ #ADA热度上升，你怎么看？

Many blogs are discussing that the current market is just experiencing a rebound rather than a reversal. Their understanding of "reversal" is that the price rises and continues to rally above 10,000 without falling. However, I think this understanding of reversal is narrow and even incorrect. In my opinion, every time Bitcoin tests the support level around 90,000 and rebounds to 96,000 to 97,000 and stabilizes around 95,000 midpoint, breaking through 97,200 to 97,700 is a reversal. This is because once it breaks through this point, it will immediately reach the range of 98,200 to 98,800, and once it reaches 98,200, it will rise to 100,000 and above. After the fall, it will continue to rise because Trump's inauguration has been confirmed by Congress today, and he will officially take office on January 20. This is favorable information, and it is expected to arrive before January 20 rather than after, which means there may be a profitable sale before January 20 when favorable information arrives at a high price.
In the second half of the bull market, even the most bullish rising market does not exist completely one-way upward. The higher the price, the more funds are needed to drive it. 100,000 is an important threshold. After this round of halving, prices over 100,000 are already considered to be within the high end of their psychological price range for retail investors, and they are likely to sell when the price rises. Selling will lead to a callback, but for retail investors, the callback is usually small, and only fluctuations caused by the main force are larger. The factors that cause the main force to sell are mainly based on information, the most important of which is the Federal Reserve's monetary policy, followed by external factors such as war and epidemics. Therefore, even without any guidance, prices cannot only rise without falling. Therefore, the reversal after the December 18 meeting should not be understood as a one-way upward trend, but as the end of the callback and the transition from bear to bull. The news that there will be no interest rate cut in January is unfavorable, but this unfavorable news has been absorbed by the market, and the past two weeks of callback have been affected by this unfavorable news!