The current trend of Bitcoin really feels familiar. Last time, when Bitcoin rose to 110,000, it pulled back to around 106,700 for support, experienced a small rebound, and then continued to drop, reaching the strong support around 104,000, leading to a larger rebound, as shown in the picture:
History may not repeat itself completely, but it has reference significance. Bitcoin around 106500-107000 does have certain support, as it was a low point in previous instances. If you want to make a small rebound, you can pay attention to this range. Of course, stronger support is definitely around 104000, where the chances of a rebound are greater, and the rebound magnitude should also be larger.
Opening a position must be at critical support and resistance levels. Backing against support increases the success rate, and it's also close to the stop-loss level. If it breaks a little, you can stop-loss. Don't open positions based on feelings; slowly build up your gains~🐰
