Bitcoin Critical Point: Breakthrough Imminent or Another Pullback?
Bitcoin is currently in a typical box consolidation pattern. After surging to around 110,000 USD, it has retreated, forming a clear consolidation range. In the past few days, there has been ample space for long and short trading operations, with long positions above 107,000 and short positions near 109,500, successfully capturing short-term opportunities several times, and many investors have doubled their profits.
Today in the morning, BTC quickly dipped to 107,520, briefly hitting the preset target, but then rebounded strongly, making the missed opportunity for low-position long orders somewhat regrettable. The current price is once again approaching the 110,000 resistance area, sparking discussions about whether to "continue shorting".
From a strategic perspective, short positions can still be established, but one must be cautious of breakout risks. Box consolidation will not continue indefinitely and will ultimately choose a direction. The key is to set proper stop-loss levels and be alert to false breakout signals. A more prudent operation is to wait for a price to false break and then fall back into the range before entering short, which typically represents a weaker market with better win rates and risk-reward ratios. However, such opportunities are rare, and the trading frequency is relatively low. Whether going long or short, the current stage presents both risks and opportunities, requiring flexible responses with small positions and a focus on capital management.
