#BTC 4-hour market analysis 🌞

Currently, the major asset is forming a solid support near 103000, with lows gradually rising, and the overall structure remains healthy. As long as it doesn't drop below the purple ascending trend line on a pullback, the rebound is likely to continue.

Key levels:

🔥 Upper resistance:

Short-term: 106500 / 107400

Important resistance level: 108600 (if broken, it is expected to test the 110000 major range trend line)

🛡️ Lower support:

Intraday defense level: 104400

Strong support zone: 103200 (trend lifeline)

Trading strategy:

1️⃣ If it stabilizes in the 104400-103200 area on a pullback, consider gradually building long positions, targeting 106500-108600.

2️⃣ Pay close attention to the breakout situation near 108600:

A strong breakout would indicate a move towards 110000.

If it faces pressure and falls back, combined with signs of breaking the major cycle trend line, then a high short position could be more favorable.

Note: Even if short-term strength is observed, if the larger ascending trend is confirmed to be broken, a high short position after a rebound is still a more prudent choice. Currently, maintain a range mindset and follow the breakouts.

Monitoring tip: Pay attention to changes in volume during the European and American trading sessions, and guard against false breakouts.