Bitcoin (BTC) recently broke through the 127.05 million won mark, demonstrating a strong upward trend once again. This represents a 1.02% increase over the past 24 hours, increasing the likelihood of it surpassing 130 million won by the end of the year. Technical analysis suggests the current resistance level is 130 million won, and a break above this level could potentially lead to a price increase of up to 140 million won.
Bitcoin is currently attempting an upward rebound from a bearish zone within a descending channel. However, if it fails to maintain support at the 100 million won level, a short-term correction is highly likely. Experts emphasize risk management based on resistance and support levels.
Ethereum (ETH) rose 0.48% to 4.24 million won, while Ripple (XRP) fell 0.32% to 2,669 won. Solana (SOL) is showing a strong upward trend, trading at 175,000 won. Solana, in particular, is attracting investor attention through ecosystem expansion.
With Bitcoin options set to expire this week, short-term market volatility is likely to increase. Options expiration dates typically see higher trading volume and price volatility, so short-term investors should develop strategies to respond accordingly.
Market experts advised, "Bitcoin is currently approaching the important technical resistance level of 130 million won, and if it breaks through this, the upward trend will be further strengthened," adding, "However, caution should be exercised regarding movements due to short-term events such as options expiration."
Investors should review their positions based on the current support and resistance levels on the chart. While the uptrend continues, the possibility of a short-term correction cannot be ruled out, necessitating a cautious approach.
TokenPost AI Notes
This article was summarized using a TokenPost.ai-based language model. Key points in the text may be omitted or inaccurate.
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