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$BTC 【Bitcoin contract early session thoughts.】
[Is it a drop below one hundred thousand again, or is it a bottom opportunity, giving you the best entry point!]
On a macro level, China and the US have a trend of negotiation and reconciliation, which is positive for the stock market. If an agreement is reached, the stock market will rise, and this will also boost the sentiment in the crypto space.
Musk and Trump are unlikely to clash. The final outcome will be reconciliation, going their separate ways.
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Now let's return to the chart. Looking at the daily line.
The top 10 supports have held, and we are currently experiencing a head-and-shoulders rebound. During this period, we have managed to profit from the drop from 11 to 10. Doug has been sharing his strategies daily.
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Looking at the daily chart, our targets are quite clear. We can directly observe the resistance levels at 106000 and 106800.
The breakout indicates that the upward trend has not failed.
If it cannot break through near this position range and a short signal appears, then a further decline may occur, or in other words, a fluctuation, both of which can be considered for shorting.
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Back to the hourly chart, hourly chart, institutions are pulling up the market, machines are drawing lines, the upward trend is very strong.
It also confirms our thinking.
This trend indicates that whether it is institutions or the entire market, there is a consensus reached. If it is bullish around the 10 level, then it should also form a consensus near the 106000 turning point.
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Will there be a surge? Looking at the daily and weekly charts overall, the sentiment is still bearish. In the short term, there isn't much to say. The possibility of consolidation is greater.
So.
Looking above ~105500~106000, 1068000 range,
Below 102400~103000 #BTC#