Last night, after soaring to 108095, $BTC plunged, hitting a low of 106700, and Ethereum also dropped back to 2389. However, the overall market did not collapse! The four-hour chart shows the bulls are still holding on, even though the price was knocked down after the high; it indicates the price is stuck in a high-level consolidation, suggesting the main force is preparing for a big move.
The most critical level now is the previous high resistance at 108500. If it can break above this level, we will directly look towards the 110,000 mark; if it cannot hold, a pullback to the 106500-107000 range would present a buying opportunity.
In terms of operations, do not chase after the price rises; wait for the drop to the support level before making light long positions. First, see if 108000 can hold; if it breaks, then chase up to 108500. If even 108500 is breached, just place orders at 110,000 and wait to count the money!
The market is constantly changing, and we are closely monitoring it to seize new entry opportunities. Like + comment, let’s navigate through the bull market together and seize this major opportunity.
