Market Analysis
Bitcoin reached a new all-time high yesterday. Those who entered long at 103739 are enjoying profits. It's important to take profits gradually and adjust stop-loss levels to avoid significant drawdowns.
Returning to the current market, Bitcoin has shown increased volume and a drop on the 4-hour chart, reaching our entry point of 105109 from yesterday. Those who entered can consider exiting at breakeven, as the increased volume on the 4-hour chart suggests a high probability of breaking this support level. We will observe if the 12 o'clock closing is below 105109. If the close is above 105109, it won't be too late to enter long. Cautious traders can still consider entering long at the 103739 level.