$BTC
How will Bitcoin move tonight?
Currently, it is still a rebound and not a reversal!
The low points on the 30-minute chart are slowly rising, but the high points on the 4-hour chart are getting lower, indicating that it hasn't truly reversed yet; at most, it's a rebound, and it may still fall later.
If the price breaks above 104150 and stabilizes on the hourly chart, it could push towards 104605 - 105200.
It may even challenge the previous high; if it can't break through, then it will continue to oscillate back and forth. Conversely, if the 4-hour line breaks below 103280, the price is likely to drop to 102300 - 101500.
The market has no new funds coming in, so for Bitcoin to consolidate at a high position is already quite impressive; it can't keep rising forever. Retail investors who have made money in contracts basically want to run, and how many can hold out for it to rise to 110,000?
Before the trend is clear, the ability to trade back and forth is a skill, and staying in cash is also a form of practice.
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