GM Brothers

#BTC Market Analysis: Monkey Market Volatility, 106800 is the Key Battleground

Currently, the #BTC market still exhibits typical monkey market characteristics, with repeated fluctuations and unclear direction.

If BTC wants to reverse the downward trend, it must break through the key resistance level of 106800. As expected, last night the price successfully broke through 106800 and surged up approximately 2000 points, reaching a high of around 108800.

Good times did not last long, as the price quickly fell back in the early morning, forming a long upper shadow candlestick, with a minimum drop to around 106000, barely holding onto the support of the trend line at 106800.