$BTC 【Bitcoin Contract Early Market Thoughts.】
【Is it a drop below 100,000 leading to another waterfall, or is it a bottom opportunity, giving you the best entry time!】
Macro-wise, the development trend of negotiations and reconciliation between China and the US is favorable, which is good news for the stock market; achieving this will boost the stock market and also uplift the sentiment in the crypto space.
Elon Musk and Donald Trump are unlikely to have a confrontation. The final outcome will be reconciliation, each going their own way.
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Now returning to the chart. Looking at the daily chart.
The top 10 supports have held, and we are currently seeing a head and shoulders rebound. In this phase, we've gone from short at 11 to long at 10, capturing the whole move. Doug also shares strategies daily.
Looking at the daily line, our goal is quite straightforward; we can directly observe the two turning point pressure levels at 106,000 and 106,800.
A breakout indicates that the large upward trend has not failed.
If we are near this price range and cannot break through, and short signals appear, then further declines may occur, or we may experience fluctuations, both of which can be considered for shorting.
Returning to the hourly chart, institutions are driving the market, machines are drawing lines, and the upward momentum is strong.
This also confirms our thinking.
This kind of movement indicates that whether it is institutions or the entire market, there is a consensus forming at the 10 mark, and as we approach the 106,000 turning point, a consensus should also form here.
Will there be a surge? Looking at the daily and weekly candles overall, the sentiment is still bearish, and there are no major views in the short term. The possibility of consolidation is greater.
Therefore.
Looking above ~105,500~106,000, 106,8000 range,
Below 102,400~103,000