Bitcoin staged a thrilling "aerial acrobatics". Late yesterday night, Bitcoin hit the 109,800 high in one fell swoop after a strong rally, however, the sudden change in the market is often instantaneous. A large number of profit-taking orders keenly captured this high level and chose to leave the market one after another, like a tidal wave bursting the embankment, instantly breaking the market balance, and the price of Bitcoin also fell under pressure. The price went all the way down to the 106090 low, and at a time when many investors were skeptical about the continuation of the downtrend, Bitcoin showed strong resilience and started a sharp rally here. Like a wild horse, it broke through the all-time high in a straight line and hit a new high of 110787 in one fell swoop, which shocked the entire market. However, the market trend at this time did not show a one-sided upward trend, but showed obvious long-short see-saw characteristics. Although Bitcoin managed to renew its recent highs, its continued momentum after the breakout was slightly lacking. Whenever the price retraces the lower support area, it always gets strong buying support, which in turn forms a quick rebound. This seemingly stalemate trend actually contains profound market logic. This means that the market is undergoing a healthy correction process, and the current shock pullback can be seen as the active rest of the bulls' main force after breaking through the key resistance level. Through the strategy of exchanging time for space, digest the selling pressure brought by short-term profits, and accumulate energy for a stronger upward offensive in the future. #GT #DOGE #PEPE #SOL
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#BTC突破107,000美元
Bitcoin staged a thrilling "aerial acrobatics". Late yesterday night, Bitcoin hit the 109,800 high in one fell swoop after a strong rally, however, the sudden change in the market is often instantaneous. A large number of profit-taking orders keenly captured this high level and chose to leave the market one after another, like a tidal wave bursting the embankment, instantly breaking the market balance, and the price of Bitcoin also fell under pressure. The price went all the way down to the 106090 low, and at a time when many investors were skeptical about the continuation of the downtrend, Bitcoin showed strong resilience and started a sharp rally here. Like a wild horse, it broke through the all-time high in a straight line and hit a new high of 110787 in one fell swoop, which shocked the entire market. However, the market trend at this time did not show a one-sided upward trend, but showed obvious long-short see-saw characteristics. Although Bitcoin managed to renew its recent highs, its continued momentum after the breakout was slightly lacking. Whenever the price retraces the lower support area, it always gets strong buying support, which in turn forms a quick rebound. This seemingly stalemate trend actually contains profound market logic. This means that the market is undergoing a healthy correction process, and the current shock pullback can be seen as the active rest of the bulls' main force after breaking through the key resistance level. Through the strategy of exchanging time for space, digest the selling pressure brought by short-term profits, and accumulate energy for a stronger upward offensive in the future. #GT #DOGE #PEPE #SOL