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BTC is pulling back to test support levels

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Today, BTC has shown an overall volatile trend. A death cross signal has appeared on the daily chart, with short-term moving averages forming a bearish alignment, indicating a short-term bearish trend.

Overall, BTC has clearly entered a correction phase in the short term, and the price may continue to test lower support levels. We will pay short-term attention to the support at 102,000, with key focus on the critical support at 100,000.

For resistance above, the short-term level is at 105,000, and the key level to watch is 108,000. If it can stand firmly above 108,000, a rebound into an upward trend may occur.

Buy 102,000 - 102,500
SL 101,000
TP 103,500 - 104,000

Sell 104,500 - 104,000
SL 105,000
TP 103,000 - 102,500


액티브 트레이드
"We will pay short-term attention to the support at 102,000, with key focus on the critical support at 100,000." as we said, After breaking below the short-term support level of 120,000, Bitcoin is currently testing the stability of the 100,000 support level. It has now found support around 100,000 and staged a small rebound.

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