$BTC Trend Analysis
The current trend has formed a downward trend, so the focus is on the entry position. Entering at key points can provide an advantage, both in terms of risk-reward ratio and reducing the time of being trapped, with both space and time involved.
The current key level is around 106000. If it cannot break through and stabilize with volume, the trapped positions above cannot be redeemed. The strategy remains primarily bearish.
Currently, geopolitical conflicts are severe, and gold continues to soar. In this scenario, Bitcoin's attribute leans more towards a risk asset rather than a safe-haven asset. The more gold rises, the less safe it is for risk markets; only when a big whale falls can everything else thrive. The spring for risk markets has not yet arrived.
Resistance above: 106100 107000
Support below: 102600 100000
In terms of operational strategy, the subjective view is bearish. The current position trend also supports a bearish outlook. The remaining consideration is the entry position. A pullback above 106 after a rise is the best position, and a base position can also be entered first, adjusting according to subsequent trends. $BTC $ETH
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