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Bitcoin suddenly began to fluctuate violently, with the price rapidly surging, making the 115900 position the current key resistance area!
According to YeWin's analysis, the area around 115900 extending up to 116400 needs to be closely monitored. The sudden surge in the early morning disrupted the normal trading rhythm, but it is important to note that a rapid rise during the morning session is often a trap for excess buying. Attempting a short strategy in this key resistance area may offer a better risk-reward ratio.
Discipline should always come first in trading; do not stubbornly oppose the price!
Key technical reference points:
- resistance zone: 115900-116200
- Defensive Position: 116400
- Technical feature analysis: After a rapid price surge, the volume did not follow effectively, and we need to be cautious of a possible pullback trend $BTC