#BTC $BTC

Well, dear friends, Bitcoin nearly reached 108,699 (just missed it by $200+—this happens, with a margin of error of 0.2–0.4%), but that’s not the main point.

There are reasons to believe that Bitcoin is showing weakness, and we’ve already seen a break in the local uptrend structure, which suggests the start of a possible, albeit modest, correction. At the very least, it’s not a good time to enter long positions, and stop-losses should be tightened.

As for me, I’ll be considering short positions in the 105,300–106,500 zone, provided there are reversal formations, targeting the lower zone marked on the chart.

Make well-thought-out decisions! Wishing everyone profits—stay in touch!