$BTC
Has BTC peaked, what should we do next?
The upward trend may only end if it falls below around 100600!
This drop is mainly influenced by news, not by market manipulators.
Those holding large amounts of capital have basically not moved.
From the flow of funds, this time the main sellers of Bitcoin are retail investors!
They were simply scared by the sudden news. The big players are still here; the main force has not retreated, so this battle is not over yet, and there is still hope for Bitcoin's subsequent market.
The price range above 108000 - 108500
is a very strong resistance level. If it rises to this point and cannot break through, it is likely to turn downward.
The strong support level below 106000 - 106500
If it does not fall below around 106000, the upward trend remains.
So right now, don't blindly chase highs and cut losses, or it’s easy to “buy high and sell low”, becoming the sucker.
To summarize, this Bitcoin pullback is actually a good opportunity for observation and layout, a good time to position in altcoins!
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