December 5th Bitcoin Analysis:

Bitcoin experienced a strong surge after oscillating in the early session, breaking the 100,000 mark with significant volume. This rally allowed bulls to gain a space of 6,000 points, indicating strong bullish momentum. The one-hour naked K line has firmly established above the upper track, with short-term support focusing on 101,700. The technical KDJ has reached the overbought zone, with today's Bitcoin primarily accumulating. The four-hour naked K line shows a strong upward trend, with significant short-term fluctuations, so be cautious of risk management. Consider chasing long positions after a pullback post closing. It is recommended to buy in batches as Bitcoin retraces to the range of 101,700-101,300, targeting 103,700-104,700.