Is this level $BTC 108200 unbeatable? The bears are about to take action!
The market now resembles a twisted spring; it appears poised to rise on the daily chart, yet after three consecutive bullish days, it closed with a long upper shadow bearish candle. It’s clear that someone is selling at high levels, but the MACD has just emerged above the zero line, this spark hasn’t gone out yet, so don’t rush to conclusions.
The 4-hour chart is even more amusing, with prices bouncing between 108200 and 106500, the Bollinger Bands are almost squeezed into a single line. When will this consolidation end? If you ask me, keep a close eye on the 108200 threshold. If the price dares to touch here, we can initiate some 'high-altitude operations' and gradually open short positions, initially targeting 106000, and if that breaks, we can look towards 105000.
However, that said, this market is like a puzzle; can you guess whether it will soar up or crash down next?
Want to recover losses? Want to make a profit? Position yourself in potential coins, publicly available for everyone, and let’s prepare to ride the main bullish wave of the market!
