$BTC
📉 Have we entered a correction phase? Bitcoin Movement Analysis 🔍
Bitcoin broke below the level of $108,350 today, which means that this level has turned from support to strong resistance 🔄
🚨 If the daily close remains below $106,500, this is a clear confirmation of the continuation of the corrective movement, and we may see further declines towards deeper support levels, perhaps $104,000 or even $102,500 if selling pressures increase.
🎯 What does this mean for traders?
For those trading on short time frames (scalping): be cautious of entering long (buying) at nearby resistances, and watch for reversal signals closely.
For daily traders: the strongest scenario currently is to sell with every failed bounce towards the $108,350 level, with a tight stop loss above.
💡 Your golden opportunity now? Keep a close eye on the $106,500 level. If the price closes clearly below it, there may be an excellent opportunity to enter a short-term sell trade with an initial target at $104,500.
📌 Important reminder: Capital management is more important than any analysis, and the markets do not forgive those who trade emotionally!
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