Is Bitcoin facing resistance after a surge? A crucial moment is here! Bears are about to take action.
Bitcoin has just touched around 99350 and is clearly facing resistance!
The current price has pulled back to 98900, presenting a short-term opportunity—short positions can be cautiously considered, with an initial target around 97600 and a stop loss set at the 100,000 round number.
However, don't be too aggressive; remember it could still make one more push to 100400, so it’s advisable to keep position sizes light to prevent sudden 'explosions'.
Is the market direction unclear? Prioritize stability and be flexible; that's the key! Are you willing to take this gamble?💥