We are radicals, wherever the market indicators go, we analyze that direction!
From the overall perspective of the weekly chart, it tends towards a volatile downward trend! Be careful, the short-term rebound might be a trap! In the short term, 106500 is an important resistance! This is also the top of the recent volatility range, to break out of this trend, we must break through and stabilize above; everyone needs to pay special attention to the fluctuations in coin prices!
Currently, the short-term quote is 105800, and the suggestion is to short near the top of the volatility range, as it has a high cost-effectiveness! It is recommended to short near 106300 on the rebound, with a stop at 1070000, looking at 104000/103000.
【If there is a breakthrough upwards, there is also a chance to close short positions and switch strategies to go long】
