Yesterday, we intervened at the resistance level and made some operations, with a price drop space of over a thousand dollars.
However, the market's bullish sentiment remains extremely strong. When the price dropped near the support level of the range, it quickly welcomed a V-shaped reversal in the evening.
Subsequently, Bitcoin did not show a downward trend, so in this situation, we should minimize short positions. The current price of Bitcoin is around 106800, and at this time, we can wait for a price pullback to go long.
From the trend, Bitcoin has now formed a relatively standard upward channel. The next step is very likely to pull back to around 105500, at which point we can open long positions at this price level, with the expected target being to break through new highs again.
