$BTC After the weekend's volatile consolidation, a solid oscillation pattern has formed in the range of 103,000 - 106,300. It is worth noting that the two dips over the weekend did not effectively break the key support level of 103,000, and since yesterday, each pullback low has continued to rise, indicating that the buying strength below is gradually increasing. Currently, the 104,800 area has established short-term effective support.
From the market structure analysis, to trigger larger selling pressure, a breakthrough above the 106,000 mark is needed to activate the trapped sell orders above. Based on this, the intraday trading strategy suggests: you can buy on dips near 104,800, aiming for a target of 106,300; when the price reaches the target, consider going short based on market sentiment and changes in volume.
