In the cycle, BTC is still continuing its strong upward momentum, and the market's capital sentiment remains optimistic.
Daily structure: The short-term resistance is in the range of 108,000~110,000,
Support area below: First support: 103,000-104,000
Strong support: 99,800-100,000 whole number level.
As long as these two support levels are not effectively broken down,
The medium-term upward trend remains valid.
For those who have a position from the previous low levels, profits have been partially taken at the 105,000-106,000 range,
The remaining position continues to be held, with tracking protection. For those who are out of the market and haven't entered yet:
Pursuing blindly at this position is not cost-effective; if one must act, it should be with a small position for short-term trading, in and out quickly.
A more cautious choice is to:
Wait for one of two signals:
Clearly break through 108,000 and stabilize with volume,
Wait for a pullback confirmation before entering a new long position.
Wait for a pullback to the 103,000-100,000 range,
Look for a signal of a stop in decline before considering a low buy setup.
