Last night BTC broke 100,000, and this morning at 6 AM, another strong bullish candle on the 4-hour chart pulled it back above 100,000. This kind of "quick recovery after breaking" is something seasoned traders have seen many times! It's just the main force deliberately smashing the market to scare people into cutting losses, then pulling it back to leave those who shorted looking foolish—classic washout routine. 😤

Although it dropped yesterday, the trading volume was high, indicating that someone was bottom-fishing, so it rebounded.

However, the rebound strength is not strong enough, it looks a bit hollow.

Above, keep an eye on the daily 5-day moving average. Even if the price rebounds to this level, it is likely to get pushed down again.

Want a significant rise? Must meet hard conditions: huge volume, closing price firmly above $103,400, leaving a long lower shadow on the daily chart. Only with this kind of "stabilizing needle" will the bullish sentiment be strong!

Most likely, it will oscillate between 100,000 and $103,000.

Focus on the closing: if today’s daily closes as a doji, it indicates a temporary balance between bulls and bears, greatly increasing the possibility of a short-term rebound.

The main force is playing the old routine, breaking 100,000 and then pulling back to trap people! The current rebound lacks strength, to rise it must break through $103,400 and close with a "stabilizing needle." During the day, it is estimated to oscillate between 100,000 and $103,000; if the close is a "doji," then a short-term rebound is in the cards! Experienced traders understand, don’t be fooled by a single bullish candle in the morning! For more insights in the crypto world, click my avatar to follow me. Strategies for deploying high-potential coins in a bull market and daily spot strategies are shared!