BTC 1-4 Hour Bull-Bear Tug of War The market drops instantly and is pulled back up The market rises instantly and is smashed back down The turnover between bulls and bears is very intense Everyone is looking for the highest probability Up or down
The 4-hour chart has shown signs of exhaustion In the short term, I believe it will pull back to around 102500 If it breaks below this range, it could very likely drop to the price of 100800
There are large amounts of contract liquidations both above and below As the market approaches a decision point of whether to rise or pull back, there are more contracts providing liquidity
If the market is strong, it will oscillate around the 105000-103000 level for a while before continuing to break through to a new high, heading straight for 110000 This kind of surge can generally be completed within 1-2 days At that time, those who haven't entered will have to chase the rising market.