10x Research: BTC pullback to $111673 may become the best entry point, breaking through and stabilizing at $120000 is also a buying opportunity

Markus Thielen, founder of 10x Research, stated that traders face the choice of whether to enter immediately or wait for better opportunities for a pullback. He suggested paying attention to Bitcoin's pullback to the front resistance level and then to the support level, which is $111673 below the May high, which may become a more ideal risk return entry point. The risk return ratio typically requires at least 1:2, so entering near key support levels is more advantageous. Thielen pointed out that the market usually retests breakthrough points before a significant increase, so the possibility of Bitcoin rebounding to $111673 cannot be ruled out. However, if Bitcoin does not experience a significant pullback, breaking through $120000 and continuing to rise could also become an opportunity to re-enter the market. He emphasized that if the price breaks through the downtrend line connecting the highs of July 14th and July 23rd and stabilizes above $120000, it may be considered to follow the trend, but a more compact stop loss should be set.