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

After breaking down, the first strong support is around 108,000. If the bears are strong, it could drop to 107,450, and then recover above 110,000 once again. This is the upcoming rhythm. Therefore, the first long entry point must be ambushed at 108,000-107,000.