The market has started to pull back, and the strong bitcoin is also declining. Since bitcoin broke through 100,000, it has been fluctuating steadily in the range of 102,000 to 106,000. Yesterday, it tested the resistance at 106,000 again but still did not break through; the pressure at this level remains relatively strong. Now, bitcoin has once again pulled back to around 102,000.
This level is a good support, but the current market is not very stable, and the greed index is still at 70. If it breaks below this support, bitcoin may drop to around 105,000. It is advisable to enter the market once stability is regained, while aggressive traders can consider entering with a lower leverage. For long-term holders, this pullback is a normal occurrence; the overall trend remains bullish.
This level is a good support, but the current market is not very stable, and the greed index is still at 70. If it breaks below this support, bitcoin may drop to around 105,000. It is advisable to enter the market once stability is regained, while aggressive traders can consider entering with a lower leverage. For long-term holders, this pullback is a normal occurrence; the overall trend remains bullish.
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BTC
103,889.25
+1.17%
