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#Strategy扩大比特币持仓 【11.12 Bitcoin Market Observation】
Recently, I've been watching the 4-hour chart, and the 104,500 level is quite critical. If the price can stay steadily above it, there is still hope for a rally towards the daily OB zone around 108,200 for a short-term push; but if it keeps hovering below, 98,888 might be broken again.
Specifically, above the 108,200 level, the daily OB zone presents a good short-entry point if a rebound occurs. Looking downward, 98,115 is a daily support level; the closer it gets, the stronger the buying interest theoretically is. Below that, there's a whole support area holding the price, and the rebound energy could gradually build up from there.
Currently, both the daily and weekly timeframes show resistance levels. I personally think it’s more reasonable to focus on short-term long positions to catch rebounds. For the longer term, considering short positions might also be a good idea. In this kind of market rhythm, staying flexible is always beneficial.