Is it possible that this is just a healthy consolidation?
Currently, most people in the market are bullish.
Bitcoin is currently around 103,800; if it rises to 105,800, short positions will be liquidated reaching 980 million USD; if it falls to 101,800, long positions will be liquidated reaching 1.38 billion USD.
Recently, the Bitcoin market has been fluctuating, with prices going up and down without a clear direction.
Although there were consecutive declines a few days ago, it has slowly risen back, temporarily viewed as a consolidation adjustment.
Currently holding steady above 103,000, if it can break through the resistance at 105,000, it may continue to rise.
Recently, several popular altcoins have surged:
AI Category: viryual, aixbt
MEME Category: moodeng, neiro, pnut
Ethereum Ecosystem Category: ethfi
Currently, only the gaming sector has not started a significant rise, which can be monitored.