Bitcoin is facing significant upward pressure. The 105,300 and 106,200 levels were previously support levels. I didn't expect it to break through so easily. As long as Bitcoin can't maintain its price above 107,000, I think the goal is to sell Bitcoin (sell high, not sell low), rather than just selling on a pending order or buying. If the 105,300 level is broken, I won't sell short here, but I'll choose a higher point to sell.
Or in a more natural English tone:
"Bitcoin's struggling to gain traction. The 105,300 and 106,200 levels, which were previously support, broke surprisingly easily. Unless Bitcoin can sustain above 107,000, I'm looking to sell on rallies (sell high), rather than selling into weakness or buying. If 105,300 breaks, I'll wait for a better opportunity to sell rather than shorting here."$BTC
Or in a more natural English tone:
"Bitcoin's struggling to gain traction. The 105,300 and 106,200 levels, which were previously support, broke surprisingly easily. Unless Bitcoin can sustain above 107,000, I'm looking to sell on rallies (sell high), rather than selling into weakness or buying. If 105,300 breaks, I'll wait for a better opportunity to sell rather than shorting here."$BTC
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BTC
118,063.49
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