Don't short, don't short!
As long as the daily chart of Bitcoin doesn't show a bearish candle pullback, or the price doesn't break below the ascending channel, don't rush to short.
It is recommended to focus on the support level near the ascending trendline around 104900 - 104600. If the price pulls back to this level, it presents a good opportunity to go long.
The stop loss can be set near 104150; once it breaks below this level, the ascending channel is likely to be over.
In a crazy one-sided market, the significance of technical indicators is limited.
Currently, the risk of chasing long positions at high levels is too great.
The next likely new high is: SOL
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