The weekend movement of Bitcoin didn't bring much surprise, just a typical range-bound fluctuation, with some aggressive shakeout actions. At this price level, most likely accumulation is happening at the lows, the main players haven't left, and the chips are still in place.
Next, focus on Monday's opening. If the upward momentum continues, this oscillation bottom will be basically confirmed. For short-term trading, support is around 100,500; go long if it hits, with a stop loss at 98,800. Resistance above is at 104,000; if not broken, a light short position can still be considered.
Don't act rashly now; the market is still brewing, and the real breakout signals haven't appeared yet.
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The weekend movement of Bitcoin didn't bring much surprise, just a typical range-bound fluctuation, with some aggressive shakeout actions. At this price level, most likely accumulation is happening at the lows, the main players haven't left, and the chips are still in place.
Next, focus on Monday's opening. If the upward momentum continues, this oscillation bottom will be basically confirmed. For short-term trading, support is around 100,500; go long if it hits, with a stop loss at 98,800. Resistance above is at 104,000; if not broken, a light short position can still be considered.
Don't act rashly now; the market is still brewing, and the real breakout signals haven't appeared yet.