"Right under our nose, Bitcoin's price is stuck in an extremely sensitive area: 105,292.7 USD! The bulls are already at the gates, just a step away from breaking the resistance level. But is this step the last leap to success or the final struggle before hitting a reef?"


Stuck at a key resistance level:

From the map, the price is firmly stuck around 105,292.7 USDT. In previous attempts to break through, it has been pushed back.

Currently, the latest price is almost hovering around this area, with both bulls and bears in fierce combat, and no clear winner yet.

In the short term, there might be another attempt, but it's uncertain whether it will succeed:

The support at 104,652 USDT is quite stable, bouncing back several times when it drops near this level. This gives confidence to the bulls, and in the short term, it is likely to try breaking the 105,292.7 resistance level again.

But can it really break through? It depends on whether the volume can be strong enough! It shows that the bulls are somewhat gaining strength, but there are no obvious signals of significant capital entering the market.

There's no significant news:

Recently, there hasn't been any stimulating good or bad news. Price fluctuations are mainly driven by technical market dynamics.

Conclusion:

In the short term (like in the next day or two), the probability of another attempt at the resistance level is quite high.

But breaking through is not easy! To stabilize above 105,292, we must see large buy orders and volume pushing upwards. Otherwise, there is a high probability that it will return to oscillate between 104,652 and 105,292.

Without new information, the chances of a successful breakthrough are about fifty-fifty, or even cautious.

Operational suggestion:

Keep a close watch! Pay attention to how the price behaves around 105,292, focusing on changes in trading volume.

Don't get excited! If there's no significant volume breakthrough, don't rush to chase; it's wiser to consider actions only after a real volume breakthrough.

Remember the support level at 104,652; a valid breakdown (not being able to return for a long time) indicates a possible short-term weakening.

Where to buy the dip and where are the effective price levels? Follow Qiu Ge for first-hand information and insights!

#加密市场回调

$BTC