$BTC

The weekly chart closes with a long-legged doji today 😄. The market is still relatively strong, 👍 although there was a drop last week, it quickly recovered. As long as the weekly chart hasn't closed with a big bearish candle, we shouldn't overly short with heavy positions. Even if all indicators are bad, there could still be a false breakout. After all, the uncertainty risk with Trump is still present 😬. We need to consider whether the yellow-haired one will come up with any surprises, and controlling our position size is of utmost importance 😭. The monthly chart shows a consecutive bullish candle, and there is still a chance for a spike up to break through 110,000 before a pullback. Since too many people are shorting the market, it often moves against human nature 😬. Today, the 3-day chart closed with a bullish engulfing pattern. The buying pressure below is still relatively strong, but the 3-day chart is also facing resistance at 106,800. The daily and 4-hour charts are being pressured around 106,500. In the smaller time frames, we are still bearish and looking for a pullback, and it is essential to test the support below at 104,800-104,500. If it doesn't hold, we will see the 103,600-103,200 range again. Resistance above: 106,800/108,900. Support below: 104,800/103,600$BTC