According to current market data on Binance, BTC is currently trading around 105,614 and is testing the key resistance level at 106,600. If the resistance is decisively broken (confirmed by a 4-hour close above it with increased trading volume), consider entering a light long position targeting 110,000, with a stop loss set below 105,000. If the price faces rejection and pulls back, focus on accumulating long positions in batches within the 103,000-102,500 support zone, with a stop loss below $100,000.
Current market sentiment leans toward greed, but be cautious of technical correction risks (RSI approaching overbought levels) and potential volatility triggered by Bitcoin derivatives expiration on May 23-24. It is advisable to maintain position sizing between 50%-60%, avoid heavy long positions before a confirmed breakout, and prioritize waiting for clear confirmation signals.$BTC