🚨 Analysis and Position: Bitcoin Breaks the 110,000 Barrier! 🚀
Folks, what’s happening right now with #Bitcoin is not just a normal rise; we are facing a completely new phase in the market cycle. The price is currently above $103,000 on the #Binance exchange, and this event alone is enough to make us reconsider our positions as investors and analysts.
🔍 Quick Technical Analysis:
Nearby support: $98,000, any break below could lead us to a correction towards $93-95 thousand.
Next resistance: There is no clear resistance so far, but there are psychological levels at $110 thousand and $120 thousand.
The price is currently moving in an upward channel, but indicators have started to show signs of overbought conditions (especially RSI), and a correction is likely.
🧠 My personal perspective: The current situation indicates a massive influx of institutional liquidity, and there is great confidence in the market, especially with news of investment funds accepting more flexible regulations. However, any strong rise without a pullback is often followed by a painful correction.
📌 My advice: If you are in the market: Reassess your goals, set your entry and exit points, and start taking profits with every new peak. If you are out of the market: Don’t enter with full capital; the market welcomes the wise, not the hasty.
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