My GPT sees the situation as follows...
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1. Current price:
$109,720 — damn, it's just standing there like a bum in front of an ATM. It's not really going up or down, but it's clear that the bulls are not dead, keeping the price above 108k for several hours now.
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2. Buy/Sell signals:
In the lower part of May 26th to the present moment — a bunch of “Buy” signals, which means that according to the indicators, the bots don't want to short right now.
“Sell” signals were more frequent during the pump to 110K, then everything — a fade-out.
This is a sideways market with a fucking hint of a bounce upwards.
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3. Volumes and RSI/MACD:
Volumes are small but not dead — so it’s not night time in the market yet.
RSI is around 50 — like eggs after a sauna: neither hot nor cold.
MACD is sliding sideways, but there was a bullish crossover not too long ago — it might push upwards.
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4. Horizontal levels:
Support: 108,000 and 106,500 — if it breaks 108k, we’ll suck down to 106.
Resistance: 110,000 and 112,000 — if it breaks 110k, we’ll fly to 112 without brakes.
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5. What to do, damn it:
If in a long position — don’t fiddle, hold on. If it breaks 110k — push it to 112 and lock in profit.
If out of position — wait or go long from 108k, if it allows, with a stop at 106,200.
If in a short position — well, you’re a clown, unless you have a stop above 110, but that’s already suicidal bullshit.