Bitcoin is hovering between 10400 and 10800, buy or sell?

2 days ago

The 4-hour chart rebounded from the bottom near $102,816 in the short term. Bitcoin price has been consolidating between $104,000 and $108,000. It is worth noting that the emergence of a potential double bottom pattern near $102,800 foreshadows a reversal signal. The volume during the recent rise supports the buying interest, especially at the level near $104,000. A cautious long entry point may be between $104,000 and $105,000, with resistance expected at $108,700-109,500.

This range-bound movement is accompanied by weakening bullish trading volume, indicating indecision among market participants. If Bitcoin breaks out and closes firmly above $108,200, it may reignite the bullish momentum with potential price targets between $110,000 and $112,000.

2 days ago

Note

Bitcoin reached the Henry Expected Analysis 108700-109500 resistance area and completed a quick retracement to make a profit of 2600 points. This was an accurate and profitable plan. The trader who executed it won again.

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