Every day that doesn't dance is a betrayal of life; every market without fluctuations is a test of mentality. Volatility is a refinement for traders.
Bitcoin surged high early yesterday morning and has been consolidating at high levels during the day. This morning, there was a quick retracement in the Asian session, but it is still above the bullish upward trend line. The bullish sentiment remains. The resistance levels for the day are 107300 and 108000, with support at 104500 and 103700. The strategy is to maintain a bullish outlook until the bullish trend line is broken.
Next, pay close attention to the interest rate decision and speech at 3 AM tonight. This will also be the last one for this year. A rate cut is largely expected, but next year's policy direction will be our main focus.
Buy at 104500, increase positions at 104000, protect at 103800, target 106500-107000.