Recently, the price of Bitcoin has strongly pushed towards the $105,000 mark. I believe many of you have successfully seized market opportunities and achieved phase-based profits. Congratulations to everyone! However, in-depth analysis through technical indicators and quantitative monitoring of market sentiment shows that the price is facing significant pressure to break upwards in the short term.
From the market trend analysis, a solid resistance line has formed around $106,100, acting like an insurmountable barrier that limits short-term upward space. It is expected that a deep correction is likely to occur subsequently. Based on historical market cycle patterns and the latest capital flow data, next Monday and Tuesday will be key time points for determining short-term trends. I suggest everyone closely monitor market dynamics, reasonably grasp entry timing, and strategically position themselves for short opportunities while controlling risks.
The specific operational suggestions for the evening are as follows:
- Bitcoin: You can gradually open short positions in the range of $105,300 - $105,800, with a target price set around $103,000;
- Ethereum: It is recommended to establish short positions in the range of $2,540 - $2,560, targeting a price around $2,450.
From the market trend analysis, a solid resistance line has formed around $106,100, acting like an insurmountable barrier that limits short-term upward space. It is expected that a deep correction is likely to occur subsequently. Based on historical market cycle patterns and the latest capital flow data, next Monday and Tuesday will be key time points for determining short-term trends. I suggest everyone closely monitor market dynamics, reasonably grasp entry timing, and strategically position themselves for short opportunities while controlling risks.
The specific operational suggestions for the evening are as follows:
- Bitcoin: You can gradually open short positions in the range of $105,300 - $105,800, with a target price set around $103,000;
- Ethereum: It is recommended to establish short positions in the range of $2,540 - $2,560, targeting a price around $2,450.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
104,317.68
-0.15%
ETH
2,556.97
+1.36%
