In the current Bitcoin market landscape, technical indicators are showing key signals. The four-hour and daily candlestick charts have stabilized above the middle band, establishing a certain bullish foundation for the market. The significant surge in the morning caused the price to break directly above 106000. From the perspective of the four-hour market trend, it is showing an overall upward trend of fluctuations. This means that in the short term, bullish forces continue to exert strength, but market uncertainty still exists.
Currently, the most critical observation point focuses on 107500. If the price can successfully break through this key resistance level, the subsequent upward space is expected to open further, and the market's bullish trend will continue more strongly, with the upper resistance level also shifting to a higher level. However, if the price is blocked at 107500 and fails to make an effective breakthrough, market sentiment may change, and bearish forces might gradually gain the upper hand. At that time, short positions could be considered.
Intraday layout suggestions
BTC: Short in the 106500 - 107000 range.
Target: 102000-100000.
Zhisun: 107500
The above suggestions are for reference only!