$BTC
📉 Have we entered a correction phase? Analysis of Bitcoin movement 🔍
Bitcoin broke below the level of $108,350 today, which means that this level has turned from support to strong resistance 🔄
🚨 If the daily close remains below $106,500, this is a clear confirmation of the continuation of the corrective movement, and we may see further decline towards deeper support levels, possibly $104,000 or even $102,500 if selling pressures increase.
🎯 What does this mean for traders?
For those trading on short time frames (scalping): be cautious about entering long (buying) at nearby resistances, and watch for reversal signals closely.
For those who prefer day trading: the currently stronger scenario is to sell on every failed rebound towards the level of $108,350, with a tight stop loss above.
💡 Is your golden opportunity now? Watch the level of $106,500 closely. If the price closes clearly below it, there may be an excellent opportunity to enter a short-term sell trade with an initial target at $104,500.
📌 Important reminder: Capital management is more important than any analysis, and the markets show no mercy to those who trade with emotion!
📉 Have we entered a correction phase? Analysis of Bitcoin movement 🔍
Bitcoin broke below the level of $108,350 today, which means that this level has turned from support to strong resistance 🔄
🚨 If the daily close remains below $106,500, this is a clear confirmation of the continuation of the corrective movement, and we may see further decline towards deeper support levels, possibly $104,000 or even $102,500 if selling pressures increase.
🎯 What does this mean for traders?
For those trading on short time frames (scalping): be cautious about entering long (buying) at nearby resistances, and watch for reversal signals closely.
For those who prefer day trading: the currently stronger scenario is to sell on every failed rebound towards the level of $108,350, with a tight stop loss above.
💡 Is your golden opportunity now? Watch the level of $106,500 closely. If the price closes clearly below it, there may be an excellent opportunity to enter a short-term sell trade with an initial target at $104,500.
📌 Important reminder: Capital management is more important than any analysis, and the markets show no mercy to those who trade with emotion!