BTC is now stuck at the ghost gate of 108280-109272! Bears listen up, the selling pressure is not as fierce as imagined, the support line is still climbing up, those holding short positions should run away quickly, don't wait for the market maker to pull another wave and blow your position! Looking at the 12-hour and daily charts, the MA30 rebound is supported by that bullish candle; the next few days won’t be deadly, even if it drops, you can still escape. But don’t get carried away! The resistance above hasn’t been broken, don’t expect it to soar!
The 4-hour level is even more frustrating! After continuous rises, it is stuck in the resistance zone, but there are no topping divergence signals, entering short positions now is just asking for trouble! Wait for it to push higher once more, then look for a top divergence before striking! The area below 106888-105930 is a short-term safety zone, and the mid-line 102189-100978 can be used to place orders for a bottom-fishing opportunity, but don’t go heavy!
Right now, it’s a high-level volatility situation! Want to play short-term? Keep an eye on the 15-30 minute MA250, looking for opportunities around 107910-107500 for quick entry and exit. But remember! This position is a pullback after the rise, don’t be a bag holder! Either watch for a breakout or wait for mid-line support, avoid other positions!
Finally, highlight this: pull back your short positions first, wait for a pullback on long positions, don’t chase high! 110200-111582 is the ambush zone for the bears, but it must be accompanied by a top divergence signal! Otherwise, it’s just cannon fodder!
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