Currently, BTC is running around 107162U, and the overall trend is very interesting; this is actually a key interval where the long and short positions are fiercely contested.
Although the bulls have lost some initiative, the support in the 105500-106000 range is evident, with funds protecting the market.
Short-term (1H, 4H): After multiple attempts to break below 106000,
short-term bears are continuously pressuring the market, but there is very strong buying support below.
Short-term: Holding a light long position at the current price, with a stop-loss set below 10580,
initial target is to look at the 107800~109200 range.
Conservative and steady: Wait for a breakout above the 107800~108000 range,
then follow up with long positions if it pulls back without breaking.
Defensive strategy: If it unexpectedly breaks below the 10580-10600 support range,
the short-term bearish sentiment will strengthen, and one could consider a small position to go short, with a target of 10400.
"Don't chase highs, wait for confirmation; don't short recklessly, wait for a breakdown.
True profits are always found after the rhythm is clear."
