The price of Bitcoin continues to rise, stretching up to 108,300 in the evening, followed by a pullback, and is currently around 105,000.
Looking back at yesterday's price movement of Bitcoin, its rise exhibited a pressure-driven upward trend. The price faced some selling pressure during its ascent, which also set the stage for the subsequent pullback.
However, the pullback is not necessarily a bad thing. After the price retreated to 105,300, the market was able to release some pressure, and it currently maintains a relatively healthy state. This lays a solid foundation for breaking through the 110,000 mark!
Today, pay attention to 103,500; if the pullback is in place, a long strategy can be adopted. The upper target remains at 108,000, and given the current upward trend of BTC accumulation, reaching 110,000 is not impossible.
