Bitcoin surged beyond expectations yesterday, but after the positive news was announced, it failed to break through and stabilize above 70,000.
This wave is just a recovery from the previous decline, a corrective rebound, not a trend reversal.
Positive news not leading to a rise = bulls losing momentum; failure to break through = heavy selling pressure. This rebound will eventually fall back, mainly moving sideways and downward, Avoid chasing highs; shorting at higher levels is more prudent. $BTC #加密市场反弹
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Bitcoin surged beyond expectations yesterday, but after the positive news was announced, it failed to break through and stabilize above 70,000.
This wave is just a recovery from the previous decline, a corrective rebound, not a trend reversal.
Positive news not leading to a rise = bulls losing momentum; failure to break through = heavy selling pressure.
This rebound will eventually fall back, mainly moving sideways and downward,
Avoid chasing highs; shorting at higher levels is more prudent. $BTC
#加密市场反弹