BTC is currently at 108265, at a key turning point! Stop blindly chasing highs and lows!
The recent strength of BTC is not an "accident", but rather "traceable".
From a technical perspective:
The 108000 level is exactly at the upper bound of a previous important consolidation area, representing a typical "breakout retest confirmation point";
Looking at the daily chart, the moving averages are in a bullish arrangement, and the MACD is still in a strong upward zone; however, after continuous rises, there are signs of diminishing volume + increased upper shadows, indicating a potential short-term washout or technical pullback.
From the market rhythm perspective:
We are currently in a phase of "stable market, anxious sentiment"; retail FOMO (Fear of Missing Out) is heating up, but the main players are more inclined to use pullbacks for position conversion.
I have always said, your profitability does not come from guessing price movements, but from following the rhythm!
The core strategies going forward:
1️⃣ If the pullback does not break the support at 106800, there is still hope for a test above 110000 in the short term;
2️⃣ If it breaks down, be wary of a "false breakout" that entices buyers, and shift to a short-term oscillation adjustment;
3️⃣ The medium-term trend remains a bullish oscillation, controlling positions and waiting for key buying opportunities is far more stable than chasing highs!
Stop going solo!
If you want to understand my opening logic, position planning, rolling rhythm, or if you're currently holding positions and don't know how to manage them,
Feel free to ask me!
I will help you navigate through the fog and stabilize your rhythm with real trading rhythms + long and short switching diagrams + take profit and stop loss point designs!
