BTC surged in the middle of the night, how high can this wave go?
The rise of Bitcoin is simply unreasonable, there hasn't even been a decent pullback from last night until now. For those who entered around 106500, it's advisable to raise your stop-loss to near the cost price.
Keep a close eye on the key levels:
As long as the 1-hour line stays above 105700, there’s still hope for this rebound.
The target area above looks at 107800-108800.
If it can't push up, wait until it breaks below 105700 before considering adding positions more safely.
Remember these important support levels:
→ 104600 (short-term defense level)
→ 103100 (trend watershed)
→ 101000 (strong support area)
What’s most annoying in this market is the false breakout; it’s better to step to the rhythm than just follow the trend blindly. Experienced traders are quietly making profits, while only the newbies are chasing highs and cutting losses.
As for how to hold onto positions and step to the rhythm...
Those who truly understand have already started counting money.
If you’re still confused, it’s advisable to hold back.
A friendly reminder from an old dog watching the market in the early morning.
