The script for the big crash of $BTC has been written!
The recent trend of BTC indeed shows characteristics of gradually rising bottoms, from 100710 to 101380 to 102610, forming an upward trend line.
However, the key resistance level at 105200 continues to suppress the price upward, creating a clear range of fluctuations.
This technical pattern seems on the verge of breaking out, but the market often reverses at the most optimistic times. The main funds may use this bullish consensus to set a trap, waiting for retail investors to collectively go long before taking opposite action. Real trend reversals are usually not so obvious.
Key positions that need to be closely monitored:
If it can break through 105200 with volume and stabilize, the next target will be 109000; if there is a false breakout followed by a pullback, the support level at 101600 will determine whether a deeper correction to 99500 begins.
In the current market environment, maintaining a 30% cash reserve is crucial. In a market dominated by derivatives, the main players often first blow up the shorts and then kill the longs.
It is advisable to patiently wait for the market to clarify its direction; in this fluctuating market, maintaining flexibility and risk awareness is more important than predicting direction.
