The current trend of Bitcoin really feels familiar. Last time Bitcoin rose to 110,000, it retraced to around 106700 support level, had a small rebound, and then continued to fall, dropping to the strong support around 104000, initiating a larger rebound, as shown in the picture:

History doesn't always repeat itself exactly, but it has reference significance. Bitcoin around 106500-107000 indeed has certain support, as it was a low point in previous instances. If you want to make a small rebound, you can pay attention to this range. Of course, a stronger support is certainly around 104000, where making a rebound has a greater chance of success, and the rebound amplitude should also be larger.

Opening a position must be done at key support and resistance levels. Relying on support increases the success rate, and the distance to the stop-loss is also close. If it breaks slightly, you can stop loss. Don't open positions based on feelings, slowly roll the snowball~🐰