#CryptoComeback 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