$BTC Early Morning Trend Analysis
Bitcoin's price is currently fluctuating around $104,000, down 1.5% in the last 24 hours. The market is filled with cautious sentiment, with traders hedging against the risk of a price drop to the $100,000 mark.
On the technical indicators, the MACD histogram remains negative but is getting shorter, indicating increasing bullish strength. The KDJ value is 21, showing a neutral stance. The resistance level above is at $108,221, while the support level below is at $103,584.
Operational advice: If the price breaks through the resistance level of $108,221, consider taking a light long position with a stop loss set below $108,000, targeting $110,000 and above. If the price drops below the support level of $103,584, consider going short with a stop loss set above $103,800, targeting down to $100,000. Additionally, closely monitor the Federal Reserve's policy dynamics, U.S. stock market performance, and the overall sentiment in the cryptocurrency market for their impact on Bitcoin's price.
Strong recovery, double your assets! Stay nostalgic, layout in advance, and easily reap big profits.
Continuously follow: NEWT T
