BTC
Currently, the overall market is consolidating in a sideways movement. After sufficient time in this fluctuation range, a breakout is imminent, whether upwards or downwards, we have corresponding rules to respond to either scenario. More time is spent hunting. This week is compounded by the weekend, month-end, and quarter-end, with some options expiring and needing settlement. Such time points are prone to volatility. Coupled with the recurring news, short-term trading needs to be more responsive.
From a technical perspective, the current fluctuation range is between 107000 and 108000. The overall direction is still upwards, and a breakthrough at 108000 will draw attention to the 110000 mark. Therefore, as long as it does not break 106900 during the day, the focus should be on buying on dips. The support level is between 107200 and 106900, with resistance at 108000-108600
