On the hourly chart of Bitcoin, after finding support near 102200, the price quickly rebounded and is now stuck around 103000. This position is currently a clear resistance zone, and the market is testing it.
If the resistance level of 103000 is strong enough, and the price cannot break through and is pushed back, according to technical analysis and past experience, it will usually turn downwards. In this case, short-term bulls may instead have a chance to welcome a rebound. For short-term operations, remember to set strict stop losses, around a range of 500 points.
Operation Suggestions
For Bitcoin, go long around 103000-102500, targeting 104500-105500.
For the second coin, go long around 2400-2390, targeting 2450-2470.
