#BTC🔥🔥🔥🔥🔥 Midday Market Analysis, currently this trend of Bitcoin is starting to weaken, unlike the craziness of yesterday. How do we view today? My opinion is that the garbage time has begun. At this point, the profit-making effect has almost disappeared, and all we can do is wait.
So how do we view the intraday situation? Currently, BTC's daily line has broken through the daily pressure of 102500 and is approaching the previous high of 110000. There is also significant pressure above, and I think it cannot surge upwards in the short term. Based on the current market conditions, this wave of upward momentum has reached the Fibonacci extension level of 0.786, with the upper pressure at 105000. There may be a pullback in the next couple of days, with the pullback level around 100200. Once it reaches that level, we can consider entering a long position. The lower support is at 99000 and 97500. As long as it doesn't break below these levels, we remain bullish, but we need to be cautious of a rapid drop of 10000 points, as there is an unfilled CME gap near 92000.