Latest short-term analysis and views on Bitcoin! You might not like it, but you must read it!
Currently, the bulls are facing a resistance at 106,000. In the short term, we consider 100,600 as the dividing line between bulls and bears. If it breaks below, the bulls will have to wait for a drop of 6,000 to 9,500 points. The lower concentrated trading area for bulls is in the price range of 96,000 to 93,700. If this price is reached, it could be considered for bullish operations, preferably waiting until tomorrow morning's close above 104,000 to go long.
Another point is if there is a strong breakout with volume above the previous short-term high of 107,114, we can consider entering on the right side. Strictly set stop-loss to avoid fakeouts, as false breakouts are a common tactic used by market makers.