Bitcoin bought near the lowest point of 23 at $BTC . Then the day before yesterday and yesterday were saying the trend is good, no problem, and every day when I wake up, the balance is increasing.
The daily line from the day before yesterday had one bullish candle enveloping four bearish candles. The large number of shorts from before are currently trapped. The trend is somewhat similar to the previous upward phase, rapidly escaping the bottom area, trapping the shorts, and then rising in a bearish manner. Therefore, this segment may also experience a short-term pullback that won't be too deep; continuing to rise in a bearish manner before potentially seeing a substantial pullback after a rapid increase.
In other words, even if the price is already in a pressure zone, if the price action doesn't spike high, it is not recommended to short on the left side. On the hourly chart, there are two spikes to resistance before trying again.
Support 105000
Resistance 107500 108500
