Many people ask, when is it a good time to go long? I suggest to take it slow. BTC is already testing the 110,000 level, and I will only enter a long position if it breaks below this point. Do you know why it is highly likely to break below now? The barrier at 112,000 has already been effectively broken, and the 110,000 level has no defense left, making the support very weak. The emptiness of the defending troops is directly exposed to the bears. As long as the closing does not hold above 112,000-113,300, the next step will be a break below.

After breaking below, the first strong support is around 108,000. If the bears are strong enough, it could even drop to 107,450 before bouncing back up above 110,000 again. This is the rhythm going forward. So the first entry point for going long must be to ambush around 108,000-107,000.