$BTC
Yesterday, Iran launched three missiles at Israel, which directly caused the price of Bitcoin to drop.
The long position at 106600 was secured after taking profit at 108300.
✅ What's next?
106000 has become the dividing line between bulls and bears. If it holds, it will challenge new highs again; if it breaks, it will test the 100k level again.
⚠️ It is important to note that this will end the high-level consolidation, leading to a trending direction. If it holds above 110k, it is likely to break, looking towards the 120k area. If it breaks below the 100k support, it is likely to struggle, looking down towards the 98k-93k area.
✅ Personally, I think this evening's drop is a technical correction. I plan to place a long order at 106888 with a stop loss of 888 points, attempting a small position with minimal risk. After observing resistance following a breakout, I will look to open a short position on the right side.