The turning point of the market will definitely be accompanied by an increase in volume and an increase in volatility.
Looking at Bitcoin $BTC on the weekly chart, it seems that neither has appeared. It is undeniable that there will definitely be pressure near the previous high, but that's all there is to it. The bulls are still in trend, and with the previous high so close, it would be unreasonable not to touch the large amount of liquidity above.
The range of intraday four-hour fluctuations is still useful. If we can see another period of consolidation and downward movement at the four-hour level to cultivate more momentum, I would believe that the next breakthrough will be stronger.
Intraday support 104000-105200 Intraday resistance 108000 #BTC
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The turning point of the market will definitely be accompanied by an increase in volume and an increase in volatility.
Looking at Bitcoin $BTC on the weekly chart, it seems that neither has appeared. It is undeniable that there will definitely be pressure near the previous high, but that's all there is to it. The bulls are still in trend, and with the previous high so close, it would be unreasonable not to touch the large amount of liquidity above.
The range of intraday four-hour fluctuations is still useful. If we can see another period of consolidation and downward movement at the four-hour level to cultivate more momentum, I would believe that the next breakthrough will be stronger.
Intraday support 104000-105200
Intraday resistance 108000
#BTC