• Frame D1: The main trend is still downward, but prices have rebounded quite well over the past 3 days. Last night it bounced up to 1059 and then adjusted back to 104x. It is expected that prices will continue to rise.
• Support: 103–104
• Resistance: 106–108 • Frame D4: Although the recently closed candle is not beautiful, the uptrend is still clear, and there are no signs of a reversal yet.
• Frame W: The first red candle after 7 weeks of green, but with a small body, short wicks, and low volume – indicating weak selling pressure, investors do not want to take profits below the 110x area.
Summary: $BTC continues to rebound strongly from the 103x area, high possibility of closing a green candle this week.