Has the main force's washout ended? The timing for bottom fishing has arrived!
After failing to break through the $110,000 mark, $BTC is currently in a pullback phase. From a technical perspective, the $107,000-$108,500 range has formed a strong support zone, which is worth paying close attention to.
Market sentiment is gradually recovering from panic. Although there has been a short-term decline, the weekly upward trend remains intact. This pullback seems more like a washout by the main funds, preparing for future increases.
For $ETH , $2,500 has become a dividing line between bulls and bears. The current price is fluctuating around $2,520, and if it can hold the key support at $2,480, there is still room for upward movement.
Therefore, BTC can be considered for building positions around $108,000. If it continues to test the $106,800 support level, it would instead be an opportunity to increase positions. The short-term target is first to look at $109,500, and after breaking through, it is expected to challenge $110,000 again.
BTC's movement is relatively stable, and $2,520 holds certain value. If it can firmly stand above $2,550, it may initiate a new wave of increase, targeting above $2,600.
Recently, the market has been quite volatile, so it is recommended to manage position ratios well and focus on the volume-price correlation during the US trading hours, which is often an important reference for judging trend continuity.
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