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Will the BTC fall continue or will it stop falling and start a rebound?
106100 becomes the critical price
BTC fell throughout yesterday, stopping the decline near 103300 to begin a rebound, and it is unlikely to drop below the 103300 level at this time, which is the relative bottom. After that, a triangular convergence structure will appear, so there is a very critical level here, which is 106100. Whether this level is broken or not will lead to two types of movement:
Type 1: If BTC can recover突破 the level of 106100, and holds above the level of 106100, the BTC will continue to rise, may even exceed 110,000 and set new records, heading towards 130,000.
The second method: If BTC cannot break the level of 106100, then BTC will continue to fall, and will test the level of 100000 again, and if it drops below 100000, BTC will head towards the level of 92000-95000.
So, everyone can pay attention to 106100, this level is very important, what will be the structure we will follow, we can see that while moving.