$BTC

Bitcoin continues to strengthen, standing firm above the key bull market level, with the upward trend already confirmed. After more than a month of continuous rise, the current peak is less than 4k away from the historical high. In the short term, there is a significant probability of a correction, and there may be a need to confirm support around the 92k level. Short-term traders need to be cautious.

A reversal signal has appeared on the hourly chart. Around 104.8k is an ideal price for bears to make a correction, with a stop loss within 1 point offering a favorable risk-reward ratio. Discussion on trend trading techniques扣1.