Today's chart analysis:
After retracing downwards yesterday, Bitcoin has regained a position above 110,000, with strong buying power below and robust bullish momentum. Currently, the bullish momentum is stable, and the outlook remains optimistic.
However, there was a false breakout here before, so this time being bullish requires extra caution. At the very least, one should wait for the last false breakout level to be broken before entering a long position.
Trading Plan:
After breaking above 111700, enter a long position. Pay attention to the support around 109500—109000, and stop the decline
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