On Monday, Bitcoin still showed a 102000 bottoming pattern. This rebound is also supported by positive news. At the beginning of the outbreak of the war in the Middle East, Bitcoin, as a venture capital asset, faced capital withdrawal, dropping directly from 110653 to 102614, a decline of nearly 8000 points!
Long Ge also mentioned on Friday that Bitcoin's subsequent movement should be observed around 102000 to see if it can provide support, forming a bottoming trend. On Monday, there were indeed signs of a bottoming trend starting, currently hovering around 106700, indicating a strong possibility of a rebound back to 110000.
The current approach to opening positions is to determine whether this bottoming pattern will pause below 110000 or break through the 110000 resistance, going directly up to 115000. Therefore, the best approach is to wait for this movement to have a small pullback to 104000-103500 to go long, with a stop loss at 102800, making a move to buy on the pullback!