Market Viewpoint Short-term resistance level suggests taking profits in batches to observe subsequent developments. Currently, Bitcoin has reached the 113 range, not yet fully hitting 1135 but facing slight resistance. It's short by 500 points, but I believe it has reached the resistance level. Many altcoins are encountering resistance at the 4H EMA200/0.5 retracement of the entire downtrend. Therefore, I recommend taking some profits in batches. My bottom positions, including FART, ENA, PENGU, and WIF, have all hit TP1. Next, we need to see if Bitcoin can hold above 112 (daily level). If it can hold, we can expect a continued rebound, with the target range for the rebound at 115-117, likely reaching 117. If it drops, the short-term diagonal trend line support is at 111500. If it breaks below, the major support is at 110000, and further down at 105000. Any significant reaction at these support levels will prompt attempts to continue buying altcoins. The recent strategy has...
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