Bitcoin has chosen to verify the breakout situation, failing to first break above 93,700, which encourages a doji star pattern. This could trigger a panic sell-off in altcoins, and is very friendly to short positions around 0.00000695 for PEPE. The specific situation depends on the circumstances. Currently, BTC is likely experiencing a downward trend, then suddenly rebounding to 93,700. For now, 93,700 has become a resistance level, and a bottom divergence needs to be reached below it; only a break above can lead to further gains. If you have long positions, it’s better to temporarily withdraw around 93,700.
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Bitcoin has chosen to verify the breakout situation, failing to first break above 93,700, which encourages a doji star pattern. This could trigger a panic sell-off in altcoins, and is very friendly to short positions around 0.00000695 for PEPE. The specific situation depends on the circumstances. Currently, BTC is likely experiencing a downward trend, then suddenly rebounding to 93,700. For now, 93,700 has become a resistance level, and a bottom divergence needs to be reached below it; only a break above can lead to further gains. If you have long positions, it’s better to temporarily withdraw around 93,700.