Bitcoin Sunday Highlights
Yesterday, Bitcoin formed a doji candlestick, and the power distribution between bulls and bears remains relatively balanced over the weekend, continuing to consolidate at high levels.
Currently, Bitcoin is still under pressure from the 100k line above. Over the weekend, it has been consolidating within a small range, and whether it can successfully break through depends on whether it can overcome the 100k resistance within three days.
For those holding long positions, it is advisable to remain on the sidelines and wait for a breakout before deciding to enter the market, as the risk of entering at such high levels is too great.
For those holding short positions, it may be wise to consider positioning at the upper boundary of the range. Currently, there seems to be a stronger bearish force. The support level below is around 97600, and this could be chosen as the first take-profit point.
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