$BTC
Let's talk about the big picture. On the daily chart, we are currently under pressure at the 110,000 position. The past week has been a period of slight fluctuations and sideways movement, a kind of aimless dead time.
From past market trends, in most cases, when approaching a key position, the market tends to take liquidity in the opposite direction before choosing a direction. This means that at the 110,000 level, there have been three parallel tops, and it is highly likely that we will break through to take out the liquidity of the shorts.
Therefore, I currently tend to believe that we will move upwards again, even reaching a historical high that will attract more bulls to chase higher, followed by a wave of profit-taking, which would be the perfect scenario.
