BTC Short-Term Analysis: Beware of Pullbacks After Rapid Increases
The ceasefire news between Iran and Israel triggered a rapid surge in BTC to 105,000, but the momentum has been too strong, and we need to be cautious of a pullback:
Technical Analysis: The area around 106,000 is a resistance level, and a lower timeframe has already shown a lower high. If an upper shadow appears, consider a short position with a target of 103,000 (approximately 3,000 points of space).
News:
After the ceasefire, Trump may take action (tariffs, etc.)
Geopolitical uncertainties remain
Strategy: Test the resistance level for short positions, quick in and out to capitalize on the pullback