The market briefly surged, with Bitcoin breaking the 107,500 level again. In the short term, we will first look at the pressure around the 107,800 level. Under the converging range, failing to break through the upper resistance of the four-hour line makes it difficult to maintain a strong upward trend. The subsequent pattern will still follow a meandering range.
If it effectively breaks 107,800, then we need to pay attention to the 108,500 level. Lao Chen believes that the day session is still unlikely to launch an attack on this line. So friends who have short positions entered near 107,500 don't need to panic for now; consider adding positions only if it breaks 108,000. Extreme hands-on teaching, grasp it reasonably! $BTC
