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The two yellow top rectangles at the two-hour level for Bitcoin are important resistance levels.
The current level of bulls reaching a new high of 107500 is particularly critical. If this position continues, it will touch the second yellow position marked by my arrow.
The arrow marks the position as an important resistance level, and I have marked two short signals at this position.
The previous low point of 98200 only achieved the tp2 target, and there are still tp3 and tp4 at the bottom.
The main short signal has completed, and we can see that the position of the bottom yellow box is 93700 USD. The second main short signal has completed at 92000 USD. Therefore, to reach this position, the top yellow box must absolutely not be breached. This is the crucial position that determines the direction!
The above opinions are for reference only and do not constitute investment advice!