If you are considering trading $BTC , here are some recommendations based on technical analysis and current market conditions:

Watching support and resistance levels:

The current support around $101,000 could be a good entry point if it continues to hold.

The first resistance is between $104,000 - $105,000, so if this area is broken, it could be a sign of a continued uptrend

Technical indicators:

The Stochastic indicator indicates that $BTC

has entered the oversold zone, which could mean a potential price reversal towards the upside. If the market shows positive signals, this could be a good time to enter

The Relative Strength Index (RSI) is a useful indicator to monitor the market condition. If it reads below 30, it indicates an opportunity to buy at low levels.

Waiting for economic news:

Economic developments related to inflation or the Federal Reserve’s interest rate policies could significantly impact Bitcoin’s movement. Follow economic news to ensure you make informed decisions.

Recommendation:

If the price of $BTC is at or testing the support level, it may be a good time to buy Bitcoin at this time to enjoy a potential upward movement.

On the other hand, if the price breaks the upper resistance levels, this could be a good time to increase long positions.