Bitcoin Strongly Rises, Pressure Level Strikes at $BTC
The big coin rebounded and reached around 108000, which is also a short position entry point; the short position layout is in a strong pressure range. Today is Thursday, and the price has been oscillating within a box, making it unlikely to break through directly; a false spike is possible.
The daily line shows a small candlestick with short upper and lower shadows, and the trading volume is within the normal range. The MA30 line on the daily chart has slowly leveled off from a slight downward trend. The MACD shows a weakening downward momentum near the zero axis. It is important to note that before a definitive reversal occurs in the market, there is still a possibility of a bull trap; after a rise, the price may continue to fall.
In the short term, prices will still be affected by the policy situation regarding the conflict between Israel and Iran, as well as by the actions and words of Trump. A bottom divergence could rebound at any time, and negative news has already shown some abnormal movements; meme coins are about to emerge again. However, most meme coins rise quickly but also fall quickly, so profits should be taken in time.
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