$BTC Bitcoin is currently in a sideways consolidation phase on both the 4-hour and 1-2 hour levels. Pay special attention to two key levels: resistance at 104,500 above and support at 102,400 below. If the price remains above the 102,400 support level, there is a short-term opportunity for a rebound, with the primary observation being whether it can break through the 104,500 resistance level. If this level is effectively broken, the subsequent focus can be on the range of 105,200-106,500, and after reaching this area, consider attempting a short position (be sure to set a stop-loss).
If it effectively breaks below the 102,400 support level, it may trigger a pullback on the 4-hour level. The lower support can be sequentially focused on the range of 100,700-99,400, and after the price reaches this area, observe for long position opportunities, while strictly implementing stop-loss strategies during operations.
In the short term, additional attention should be paid to the support strength near 103,200. If the price can continuously stabilize above this level, it indicates that the bulls still have the momentum to challenge the previous highs again.
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