$BTC
Just bounced back after overselling yesterday, today it has already hit divergence + overbought
Today's breakthrough is clearly a false breakout
Don't blindly chase after a breakout to 110,000 just because of a big bullish candle!
Even if it hits a new high later, a pullback is inevitable.
As mentioned in yesterday's post, after the ups and downs and harvesting both longs and shorts, we will start the next round of market movement
At the price level of 107,000, even if it's not the top, it's probably not far from it.
Bitcoin's fluctuations are tightly bound to the U.S. economy, politics, tariffs, and monetary policy. Just because it’s rising now doesn’t mean it will always rise
I will follow the trend to profit from the breakout, and if the trend turns downward, I will secure the profits I've made early and definitely not be greedy!
The resistance levels above are 106,650, 107,850, and 108,400; if we can't break through these, the possibility of a pullback increases.
The support levels below are at 104,050, 103,000, and 101,000; once we break below the support, the price may continue to decline.
Follow Hashini, continuous sharing is ongoing～