Last night's Bitcoin fluctuations were as I predicted earlier, oscillating around 103500-105000. Now, regardless of whether Bitcoin goes south or north, it's best to watch.

Because Bitcoin is currently in a position that can go either up or down, no matter what you do, there is potential for both outcomes, so trading requires waiting for the right position. I mentioned in previous articles that the Bitcoin trend has arrived; regardless of the cycle, profits can be made, provided you understand the right direction and the emotional fluctuations of various news!

Bitcoin is very much a product of news. Especially the evening performance of the US stock market, as well as comments from the Federal Reserve. The reason retail investors are always passive is that the sources of news are slower than those economic giants! At this stage, Dragon Brother suggests waiting for a trend to emerge at the 105000 position, not to chase it. Instead, we need to determine the turning points in either direction. For example, if Bitcoin stops falling at 103300 and continues to rise, then 103300 is the turning point for this wave. However, if it only oscillates in the 103500-105000 range, then this point cannot be confirmed as the turning point for this wave, and we need to see if it can hold support around 101500!

In previous articles, Dragon Brother also mentioned that if it oscillates in the 103500-105000 range, the probability of breaking down past 10 later will decrease, because there is capital operating in this range. Otherwise, the small funds of retail investors cannot stop a downward trend; always believe that capital will not enter the market without profit margins. Therefore, from this wave's perspective, our defensive entry point is around 101500-102500, with a stop-loss position at 99500. Why not set the stop-loss at 100000? Because those manipulating the market understand that there are a lot of stop-loss orders at the 100000 position, and at this point, stop-losses are very likely to trigger yours!