【Crash Warning】Is BTC going to drop to 105,000? If it rebounds to 106,500, run quickly!

CN
22 hours ago

Yesterday, the market clearly broke below a key level, and it is highly likely to drop further. Going short is the safest choice now. The support below is between 104500 and 105000, but don't expect it to hold. The resistance above is between 106500 and 107000; if it reaches this level, go short immediately, with a stop loss set at 109000. If it breaks through, you have to admit defeat. For take profit, first look around 105000; if it reaches that, reduce your position.

If it really drops to between 104500 and 105000, you can try going long with a small position, but the stop loss must be strictly set at 103000; if it breaks that level, cut your position. For take profit, aim for 106000 to 106500; if it reaches that, get out, as this kind of rebound is likely a trap.

In summary, the market is clearly weakening now, and a bearish trend has formed. Don't go against the trend; focus on short positions, and only play with long positions lightly. Position management must be strict, and don't hesitate to stop loss when necessary.

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