#BTCBackto100K

Bitcoin surged to $102,598.46, up 3.82%. The next resistance level is around $105,000, a crucial point where short positions were liquidated between $92,000-$94,000. It's essential to analyze the overall market and adjust strategies accordingly.

*Key Points:*

- *Resistance Level*: $105,000

- *Previous Liquidation Zone*: $92,000-$94,000

- *Market Sentiment*: Bulls must be cautious and avoid excessive greed

- *Potential Pullback*: A correction is likely after such a significant rise

*Trading Strategy:*

- *Exit Long Positions*: Consider exiting long positions during a pullback

- *Short Position Opportunities*: Look for suitable opportunities to enter short positions

- *Market Analysis*: Continuously monitor the market and adjust strategies accordingly

The current market dynamics suggest a potential pullback, and traders should be prepared to adapt to changing conditions