Morning Thoughts
Bitcoin 🫓 is oscillating around 106,300, with the short-term MA7 and MA25 converging, indicating a tug-of-war between bulls and bears. The difference between the 24h high and low is not significant, and the trading volume is average; caution is needed for false breakouts.
Resistance above is at 107,700, and support is at 102,600.
If it stabilizes above 106,500 during the day, a small position can be taken for longs; conversely, a drop below 105,000 may test support.
