BTC has not given a clear signal yet Focus upwards on 107700, and downwards on 105000
Hello everyone, I am analyst Dong Shizhang. BTC has currently broken below the support level around 106500, and there is also no sign of a strong rebound. Basically, it’s just a slight drop followed by a slight rebound, making it very difficult to hold long positions, and there are no opportunities for short positions either. Basically, no matter how you trade, you end up losing money. Therefore, the best approach is to wait and observe. Of course, if there is a rebound during this time, it should be difficult to exceed 107700. If it approaches 107700 without the strength to break through, you might consider setting up short positions. If it breaks and holds above 107000, you can continue with long positions. So, if it continues to drop, where is the next key position? The next key position is the support near 105000, where there is usually some rebound. Whether it can hold or not, we will have to see as we go. Therefore, my suggestion is to stay out of the market for now, as there are no good opportunities. Don’t rush into trades. Wait for the position at 105000, and if there’s a clear signal for long positions, we can enter the market. Currently, trading on the right side is more prudent.
Good morning brothers! Mr. X has analyzed the current price from a trading perspective, and it's time to enter a short position!! If the situation doesn't look good, don't panic about adding to the position at 1095; still optimistic about the bears' next move. Let's wait and see!!! Good luck to us GM🤛🤛🤛