Bitcoin had a pullback on the 1-hour chart tonight, likely hitting many stop-losses. It rebounded directly by 1000 points.

Currently, Bitcoin's resistance is at 108,000. If it goes higher, the next levels are 108,500 and 109,000. The support below is at 106,800 and 106,500. If it pulls back and does not break below 106,500, it can be a good opportunity to go long. If it breaks below 106,500, focus on short positions.