BTC is currently at a crucial crossroads, whether it can stabilize around $104K depends on tonight!
The price is currently stuck in the familiar support range of $104,000–$104,400, having just been kicked down from above $110,000, and is now moving sideways in this area.
This position has previously blocked declines multiple times and is a typical "demand wall." If this consolidation can hold, it might directly push to $107K, or even challenge $109.5K; but if it cannot hold and breaks down, it might first need to pull back to $102K.
Short-term trading suggestions:
Entry point: $104,400 – $104,800
Take profit 1: $107,000
Take profit 2: $109,500
Stop loss: $103,500
Whether this position can hold tonight will determine if there is a counterattack or if it will be hammered down again, so keep an eye on the market and don't doze off.
