Bitcoin includes an important support line at $105,115 as a chain in the line. The MACD indicator is very worrying: the DIF and DEA lines are below 0 and collapsing, and the charts (-27.5) scream "Weakness!" The daily low at $104,111 is similar to a safety net: if it breaks, the fall could cause pain. The three scenarios I clearly see:
* The scenario is very likely (bear pressure):
"If I found the price exceeded $105,000 when I closed the candle, I would quickly drop to $104,500 and then battle to $104,111. Basiti has control." * Sudden entry (golden opportunity):
"If the price actually breaks through $105,115 and breaks through $105,380, we could suddenly rise to $106,000. But I doubt the whale acted suddenly." * Time bomb (accumulated):
"If the price is between $105,115 and $105,380 for more than 4 hours, prepare for an explosive reversal. Luka, whether going up or down, will be brutal."
* Field sell:
"Leave a failure during the $105 break and stop $106,000. 105,380 to avoid the bullish bull trap. The first target is $104,500. * Buy:
"Take your time or don't wait for a test of $104.11 (reflex confirmation) or a clear break of $105,380."
Indicators are now prone to bearishness, but not all capital! The market is similar to the sea: a developing wave can suddenly grow, despite all indicators."
> "Bitcoin is in a short, dangerous zone. $105,115 is a border between despair and hope. If you are in the market now, be cautiously bearish, with a quick exit if the situation changes. Remember: the market is not very difficult. #BinanceAlphaAlert
