Today, Bitcoin has retreated to around 104800 after a surge.
Sustained increases without pullbacks lack sustainability, and lower-level movements indicate there is still a demand for pullbacks. You can pay attention to the range of 104500-104000 to gradually accumulate long positions (initial and supplementary positions).
This area is the first take-profit level from the previous trade, and the prior resistance has turned into current support, which is expected to have strong support effectiveness. If successful in accumulating longs, the target price can be set at 110,000.
