#TradingTypes101 The current price of Bitcoin is $108,500, sitting pretty near a crucial resistance zone at $109,000. This zone is a battleground for both bulls and bears, with potential for significant price movements.

*Potential Trade Opportunities:*

- *Long Position:* Consider entering at $108,700-$108,900 with targets at $109,500, $110,400, and $111,800. Set stop loss at $107,800.

- *Short Position:* Enter at $109,000-$109,200 upon rejection, targeting $108,100, $107,200, and $106,000. Set stop loss at $109,900.

*Market Insights:*

A breakout above $109,200 could spark a strong upward trend, while rejection might lead to a decline. Traders should wait for confirmation before making moves, as false breakouts can be costly.

*Trading Strategy:*

- *Breakout Trading:* Wait for strong confirmation before entering long positions.

- *Short Selling:* Be