BTC Market Commentary (Current Price: 107959)
Bitcoin $BTC soared to 110367 last night before retreating, currently priced at 107959, as if it experienced a 'high-altitude parachute jump'! The K-line trend shows a bit of 'insufficient momentum', with bulls and bears alternating between 110367 and 105000, as the market seems to be brewing the next big event, whether it's a downward adjustment or another upward attack!
Key Areas:
Upward Resistance: 110367 (last night's peak).
Downward Support: 105000 (psychological bottom).
Trend Observation:
Four Hours: Price slid from 110367 to 107959, volume slightly decreased, as if taking a breather.
One Hour: Stalemate around 107959, breaking above 110367 or falling below 105000 will set the tone.
Immediate Dynamics:
BTC surged and then retreated last night, with slightly reduced volume, and market sentiment feels somewhat cautious. After last night's US stock data stimulation, it retreated, with capital flows unclear; attention needs to be paid to tonight’s subsequent movements in the US market or ETF news.
Trend Speculation:
If it falls below 105000 again, it may head straight towards the 100000 mark; if it bounces back above 110367, 115000 is to be expected! In the short term, it still needs to grind!
Outlook:
Current price 107959, the 100000 cornerstone is stable, in the short term, it will oscillate between 105000-110367. If it breaks below 105000 or tests 100000, breaking above 110367 or rushing to 115000 will require significant news or explosive volume.
