$BTC 105000 Checkpoint!
Right now this market (looking at Bitcoin BTC against USDT), the price is roughly hovering around 105045 dollars.
I feel there won't be any big movements in the short term, just hovering around the 105000 level. Want to rise? The 107-day line around 105230 is a hurdle (resistance), it will take some effort to break through.
Below, the 30-day line around 105030 is the bottom line (support), if it breaks, we need to be careful of hitting the previous low of 104740.
Recently, the price difference is only 0.35%, very small, and looking at that MACD indicator (although the bars are rising a little), overall it’s still below water, indicating that both bulls and bears are holding back without a clear winner, just moving back and forth in this small range. The trading volume isn't expanding, and there's no clear direction.
In my view, it’s hard for the price to suddenly jump up or crash down in the short term. It’s likely to still be stuck in this range (from 105030 to 105230).
To break this deadlock, something new needs to stimulate the market, whether it’s significant news about Bitcoin itself or major turbulence in the external financial markets.
Summary of my opinion: Keep a close eye on the upper limit of 105230, while firmly holding the lower limit of 105030. The current price is sticking to 105045, waiting for a signal of change. The market lacks direction, so don’t rush to act; watching more and acting less is the safest strategy.
Currently, the market is dynamic, walking alone can be lonely, follow me for daily spot potential layouts and bull market strategy layouts.