$BTC oscillates to bottom out, 110,000 mark may trigger a new market!
BTC market is quite interesting recently, and the news is indeed lively. Trump said last week that he would impose a 50% tariff on the EU. With the double top pattern and four-hour divergence, I thought it would pull back to kill a wave of bulls.
In the past few days, a big investor named James has been very confusing. He first entered a 1 billion long order, but the market retreated. He quickly stopped the loss and went short, and then added another 1 billion short order. As a result, Trump suddenly announced a delay in the tax increase at 6 o'clock this morning, which directly scared away his short order.
From the market, the 1-hour level pullback just hit the support level after the historical high, and did not break the MA200 moving average. Now it is oscillating to bottom out, and with the rebound on the news, the short-term resistance is around 109,800. If it can stand at 110,000, it is likely to hit a new high.
It has gone out of the W bottom in four hours, but it has not yet stepped back to confirm, so it is hard to say whether it is a true or false breakthrough. In addition to the 1-hour volume-price divergence, it is estimated that there is still a chance of a pullback. The key is to look at the support of 109,000. If it is safe, you can move down a few hundred dollars and wait for a pullback. If it does not break, it is an opportunity to get on board.
Overall, the market sentiment and the main operation are very dramatic, but the technical support is still there and the trend is not bad.
For the next layout direction, I will take everyone to aim at the profit opportunities of the cottage. There is no problem with the expected space of more than 10 times. Like + leave a message, and take you to layout the entire bull market!
