BTC

Speaking of this daily level formation, it can be understood as a bullish pattern with two conditions:

1. A pullback to the Vegas tunnel, generally the first pullback after a golden cross is stronger.

2. The bottom of the cloud chart.

Currently, it has reached the bottom of the cloud chart. 107500 is the upper boundary of the tunnel, but in reality, the support at this position is a range, 106000-107500. As the market progresses, the support range will also change.

As for whether it will turn bearish, we have to wait for this wave of rebound to end.