$BTC 103500 USD becomes the battleground for bulls and bears, rebound or a trap for the longs?

Currently, there are short-term trading opportunities in Bitcoin's movement. Although the price briefly fell below the previous low, it was quickly brought back up, indicating that there is capital support below, potentially leading to an abc three-wave rebound. Day trading can focus on the support level of 103500 USD; if the price stabilizes here, a light long position may be attempted, with an initial target around 105800 USD.

From a larger time frame perspective, the downtrend at the 4-hour level has entered its final phase. Technical patterns indicate that there is a demand for a rebound at the lower edge of the flag pattern, but the neck line at 106000 USD may become a significant resistance. If the price is blocked here and falls back, it will create a new short signal.

Although there is a possibility of a rebound in the short term, the medium-term downtrend has not yet ended, and operations must strictly differentiate trading cycles and control positions.

#非农就业数据来袭 #​​Metaplanet拟筹资增持比特币​ #加密市场回调

Still unsure how to operate in this market? Follow me for strategies; execution is up to you!