This round of rebound is too strong, instantly surpassing Ethereum, SOL, DOGE, and a series of other coins. However, it has currently rebounded to an important range, reaching a densely concentrated area of chips.
Adding to this, tomorrow morning there will be a large-scale unlocking of funds amounting to 2.28%, totaling 262 million USD. If we want to break through, we will need explosive positive news, such as an ETF announcement or Grayscale filing an application.
Those chasing the rise in the short term should reduce their positions; there is no need to chase after tail-end market movements. Even if it breaks 3.7, the pressure at the upper 4 USD integer range is also significant. For those who haven't entered yet and want to, it's better to wait for a pullback to gradually accumulate positions. In the short term, 3.3-3.2 is acceptable, while in the medium term, pay attention to the pullback position at the 3 USD integer level.
In the past few days, the market has issued quite a few stablecoins, and with MicroStrategy increasing its holdings to 96,593,276,033, Bitcoin has remained high. The technical pattern shows a correction, but it has not dropped below the 93,000 range. It has been in a sideways trend for a long time. We will see what the data reveals at the beginning of the month. Will it be a sideways drop followed by another rise, or will it pull back to 90,000 to confirm? What do you think, brothers?