BTC has also broken through the important level of 109600~~Briefly touched the 110 mark~~
Then the current support at 1085 is particularly important~~
The range of 1085-1104 can be considered as the current fluctuation zone~~
The key price in the middle is 1096 as the critical point for the strength of the market~~
Today mainly adjusted on the 1-hour chart, currently in a high position consolidation~~~Strong market
But the MACD lacks volume, there is a need to test back to the zero axis
The key is whether the price is consolidating at the MACD zero axis, or if the price is falling back to test the zero axis
If the price falls, then pay attention to the potential for minor declines~~~Whether it can effectively form a rebound~~
Conclusion:
Resistance above: 110265 - 110484, stop-loss for short positions, if a significant rebound occurs~~then observe, be cautious with short positions~~
Support below: 108500 - 108764, with good stop-loss can consider going long, cautious observation if it breaks down
Currently looking at the long-term level~ all in a minor unilateral market~~The characteristic is strong support~~not easy to fall
Need to consolidate to consume energy~~MACD approaching the zero axis is the moment to choose long or short~~~
The daily line breaks the trend line~~Breakout failed~~As long as it does not break down, the bullish market continues~~
