The bulls will never be enslaved
Looking at the big picture, the market is still at the upper channel. Each pullback is a healthy correction in a bull market. The upward channel is intact, and the support is strong. Key levels to watch are 104k and 98k, which should not be broken. If 104k breaks, we will go to 98k; if both levels are broken consecutively, the bull market will end.
Currently, the price is at 108k, which is a good entry point with a stop-loss at 104k. We will continue to watch for a breakthrough at 114k. If it still cannot break through, we should short and see if we can choose long positions again at 104k. After the breakthrough, we look up to 117k-120k. Once all levels are broken, it will be a restart of the main upward wave, and this time it's highly likely to go to 150k. Currently, the short-term presents a very good entry opportunity with a high risk-reward ratio and a high trend confirmation level #BTC
