$BTC

The weekend has just passed midnight, and the main players can no longer stand the silence and start making moves. This wave of stretching broke the previous high and reached the 106000 mark,

The remarks from Besent over the weekend sparked some attention and discussion in the market. Also, due to the low liquidity in the market over the weekend, the trading volume of Bitcoin saw a significant decline.

However, whether Besent's remarks can have a substantive impact on the market, and whether the negative impact from Moody's downgrade has been fully digested by the market, will depend on today's trends.

Today's Bitcoin trading volume has increased compared to the weekend, and the price changes may have been driven by the liquidity slump, leading to wild fluctuations. This is not due to a change in the narrative of Bitcoin itself, nor because there are new favorable or unfavorable factors in the market.

A golden cross has formed on the MACD chart, and there shouldn’t be a major drop in the short term. Sudden spikes in volume should be watched for a potential pullback later.

At this time, even if you don't have short positions, you shouldn't chase the highs; the biggest taboo in trading is chasing gains and cutting losses. The bulls are indeed strong, but a reversal is always possible, so it's best to remain cautious at this time.

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