Oh... early in the morning, a breakout above 71800 has started to shake out the market!
A direction will be coming soon. If there is no substantial breakthrough above 71800, it is still considered a non-structural rebound, a market sentiment recovery. The bulls have strong momentum, but the bears are also very powerful. As the long positions that are trapped start to break even, reduce holdings, and sell pressure increases, along with short-term profit-taking by bears, the battle between bulls and bears will become even more intense.
At this point, both sides are not only fighting for strength but also for conviction. #BTC
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Oh... early in the morning, a breakout above 71800 has started to shake out the market!
A direction will be coming soon. If there is no substantial breakthrough above 71800, it is still considered a non-structural rebound, a market sentiment recovery. The bulls have strong momentum, but the bears are also very powerful. As the long positions that are trapped start to break even, reduce holdings, and sell pressure increases, along with short-term profit-taking by bears, the battle between bulls and bears will become even more intense.
At this point, both sides are not only fighting for strength but also for conviction. #BTC