🔥#大饼 Market Analysis and Yesterday's Review
Yesterday's Market Review:
Yesterday morning, it was anticipated that $BTC would touch the trend resistance level around 108000, which has previously faced multiple rejections. A 6-hour 5 consecutive bullish candles turned bearish, and the TD indicator issued a bearish signal. In the afternoon and early morning, BTC attempted to break above 108000 twice, and the short positions were precisely closed for a profit of 3100 points.
Today's Market Analysis:
Yesterday, BTC tested 108000 four times before retracing, with the morning showing the greatest pullback. During the day, the price is operating within a triangular range of 103500 - 108800, with strong resistance at 108800, and a break above would target 110000; on the downside, 103500 is a key support level, and a break below would look towards 102500. From a technical perspective, the daily Bollinger Bands are parallel, with 3 consecutive bullish candles closing bearish, indicating a bearish trend; the 12-hour current TDT shows a green 8, and if it closes with a green 9 in the evening, it may lead to a significant drop; the 2-hour Bollinger Bands are narrowing, and if they open up, a substantial decline is possible, targeting the 103500 support.
Today's Operational Strategy:
① Short positions in the 108800 - 108500 range, targeting 107500 - 106500, stop loss at 109300.
② Long positions in the 103500 - 103800 range, targeting 105000 - 106000, stop loss at 103000.
③ Medium to long-term short positions can be established in the 109000 - 108500 range, targeting 103000 - 100000.
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