$BTC Strong Surge, Bullish Market Starts!
After experiencing a whole day of weak fluctuations, BTC suddenly surged strongly in the early morning, reaching the critical resistance level of $109,800. From the daily structure, this wave of increase marks the official end of the adjustment cycle, and the second round of the bullish market has begun.
The current price has stabilized above the middle track of the upward channel, and the overall trend remains strong. This technical pattern often indicates that there is further upward space for the market. However, the market never rises in a straight line; appropriate pullbacks are actually more beneficial for subsequent development.
In terms of operational strategy, it is recommended to mainly focus on buying during pullbacks, with particular attention to the range of $107,500 to $108,000. This position is not only the previous breakout point but also the 38.2% Fibonacci retracement level, which has good technical support significance. At the same time, keep a close eye on the changes in the MACD indicator; as long as it remains above the zero axis, it indicates that the bulls are still in control.
Set the stop-loss below $106,000; this position is not only a psychological barrier but also an important technical support level. A break below this level may signify a turning point in the market.
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