Today, the Bitcoin sentiment is a bit complicated. Focus on two key levels: 106800 above and 103000 below.
106800 is the middle line of its daily chart. Once it breaks through, there is a chance to open up upward space.
103000 is the 0.236% retracement level of this wave of increase. If it breaks down, it will look for the 0.382% hypothetical second wave range.
Currently, Bitcoin is hovering in the middle, making it more suitable to place breakout trades.
If it breaks through 106800 and retests, consider going long with the target of a new high.
If it breaks below 103000, short on a rebound with no volume.
Of course, you can also try trading with a small position near these two levels, with a small stop loss. Just go for it.
