A brother asked how to view $BTC currently?
Regardless of the indicators or structure, it still looks bullish. The short-term target is to break through 110,000. I believe that even if there is a pullback in the middle, there is still hope for another rebound.
Currently, the support zones are concentrated at 105,800, 105,000, and 104,500. As long as the price stays above 104,500, I remain bullish!
The key point is that if it breaks below the 102,400 position, we can only treat it as a range-bound fluctuation!
Also, regarding BTC at the current price, I think taking another long position carries too much risk because the selling pressure at 110,000 still exists. No one can be sure where it can rise to even if it breaks 110,000. 120,000, 130,000, and 140,000 can be considered breakthroughs, while 111,000 and 110,500 are also considered breakthroughs. The cost-effectiveness of this trade is too low; it's unnecessary!
