Bitcoin’s current position is a bit delicate. You could say it’s strong—it’s holding its ground—but is it really about to break through the ceiling and surge to $100,000, or will it turn around and crash down to $80,000? Let’s not make wild guesses; let’s break down a few key points.

**First, let’s talk about the news**

There are rumors in the market that Hassett might take over as Chair of the Federal Reserve. In the short term, this could make the dollar a bit weaker, which is positive for crypto prices. But don’t get too excited—policy expectations like this usually don’t last long. If US economic data suddenly improves, capital flows could reverse in an instant. So, this current rally might not have such a solid foundation.

**On the technical side, watch these numbers closely**

The toughest resistance is at $94,000. Only if we can firmly break above this level can we talk about what comes next. But here’s the issue: while short-term indicators are showing strength, the main capital momentum hasn’t fully come in yet. Without sustained trading volume, this rally is just a castle in the air.

Looking at the downside, there are a few support levels:
- First line of defense: the $87,000–$88,000 range
- Key support: $84,000—this absolutely needs to hold
- If $80,600 is really breached, then the trend could totally change, and things will get much tougher

**Here are some practical trading tips**

Don’t chase the highs. If it gets near $94,000 and you don’t see obvious volume coming in, consider taking some profits off the table. This isn’t being bearish—it’s about locking in gains and saving ammo for better opportunities.

If you want to get in, wait for a pullback. Be patient and look to buy in batches around $87,000–$88,000 or near $84,000. Don’t always try to catch the absolute bottom.

Always set a stop-loss. For example, if you open a position around $84,000, set your stop just below $82,000. Protect your capital first, then think about profits.

**Here’s my personal take**

I think the odds of a direct, violent move to $100,000 are less than 30%. A more likely scenario is: a fake-out to the upside—maybe testing $94,000 or even higher—then a quick dump to shake out weak hands, targeting $87,000 or even $84,000. Only after the weak hands are flushed out can the market move up in a healthy way. Right now, the market needs a decent correction to clean out the shaky holders.