Bitcoin ($BTC) saw a significant increase in trading volume starting at 5 AM, and the price has broken through. The current price is 109,400.
If you are still holding short positions now, it's basically gambling. I don't want to gamble, so I'm withdrawing. I plan to wait for it to rise and see what price it can reach before looking for opportunities to short.
The important resistance level on the daily chart is around 110,000. The places where the price previously reached high levels are usually good short positions, and I plan to look there this time as well.
Additionally, US stocks will open today. I estimate that after the US stock market opens, it may push the entire cryptocurrency market up a bit. Keep an eye on those altcoins and Meme coins that haven't risen much yet. If the overall market continues to rise, these coins that haven't risen are likely to catch up.
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Intraday focus: H BONK BTC ETH
