The small level pullback perfectly meets expectations. With the stimulus from news, it follows the major trend to break upwards. Ultimately, it reaches the key resistance level near 146 for testing. Most cryptocurrencies are basically consolidating at high levels. No advice to chase highs.
Although the short-term rebound has not ended, and the stimulus from news is no longer causing panic as before, the large-level bullish framework has not emerged. Before breaking through 151 in the short term, it should still be treated with a rebound mindset.
The small level is expected to have a pullback, and the current position has a low risk-reward ratio for chasing highs. Additionally, the risk is quite large. A low pullback can capture a rebound.
Several positions to pay attention to
Support position
First position 139
Second position 136.5
Third position 132.1
Resistance position
First position 147
Second position 151
Third position 154
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