BTC continues to oscillate at a low level waiting for direction to choose. Note tonight.

BTC has been oscillating at a low level for a few days, unwilling to break below support and fall into a downward trend, nor does it have the strength to push back above 100,000. It is waiting for a turning point. If there are no stimulating news events, we can only wait for the NASDAQ's turning point. After the significant drop in the NASDAQ, it has rebounded for several consecutive days and broken through the upper resistance, but last Friday it gave back some of the rebound without breaking below the support level. Although I see the NASDAQ continuing to rise and break new highs, it has not yet clearly established an upward trend. So we will see the NASDAQ's performance tonight; will it continue to test the lower support or even break below it to probe down, or will it break upward? This may drive BTC out of its low oscillation trend. In fact, I believe that even if the NASDAQ breaks below support and takes another step down, there is a high probability it will recover. Therefore, I have maintained the view of buying BTC at lows to see a rebound recently.

Let’s wait and see. If you want to place a bet before the results come out, my personal suggestion is to go long and buy BTC at lows to see a rebound. Those who are cautious can wait until tonight or tomorrow to see the NASDAQ establish a trend before deciding.