The current rebound under the pancake eyes, $BTC
Keep an eye on the 104k mark above. If the K-line can genuinely break through here within the next hour or two, the price will likely shoot up a bit more, heading straight for the 105k to 105.9k range.
When it reaches that area, if you want to try a short position, remember to set a stop-loss. If it falls below 105.9k, withdraw quickly and don't get attached to the fight.
Conversely, if the K-line fails to break through 104k within this hour or two, the price will probably slide down.
The first level that can hold is likely between 103.1k to 102.5k.
If neither of these levels holds, we may have to look down towards the 101.5k to 100.8k range.
If you want to catch the bottom, you can wait for the price to drop to these areas before taking action, but you also need to set a stop-loss. If it falls below 100.8k, withdraw quickly, and don’t stubbornly hold on.