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Happy weekend!
A new month has begun.
The monthly chart of Bitcoin shows a high-level sideways trend, and a strategy of selling high and buying low can be adopted in the short term.
- The key resistance levels to watch in the range are around: 113,500, 115,500, and 119,500.
- If you want to do more, you can wait for a pullback to the $107,500, $105,000, or $101,500 area. These positions have a certain level of support, provided there are no major news disruptions.
Today, we need to focus on the key support level of 109,300. If the price retraces and does not effectively break below this level, it remains in a rebound structure on the 4-hour timeframe. The resistance levels above are 111,590, 113,600, and 114,620 US dollars. $BTC