Market Shift! Bitcoin Pullback Exceeds 3%, Bulls Face Short-Term Resistance!

For two consecutive days, Bitcoin has slid from a high of 105K to about 101.5K USD, dropping over 3%, failing to break through the strong resistance level of 107.5K. Sentiment has clearly turned conservative.

The entire digital collection circle is cooling down simultaneously, with the market cap retracting to about 2.3 trillion USD, shrinking over 5% within 24 hours. Ethereum has fallen below 3,700 USD, and SOL, AVAX, and others have also not been spared.

The current market lacks “explosive points,” bulls are on the sidelines, and bears are trying to dominate the trend.

Key Focus: Non-Farm Payroll Data This Friday! If below expectations, it may strengthen interest rate cut expectations, providing support for risk assets!

Powell's recent speeches have been somewhat vague, and the market has begun to worry that the “dovish fantasy” may fall through...

Pay attention to the iron pillar, gain insight into the market's deep waters, and avoid being an emotional trader! #DOGE #PEPE‏ #sui #xrp #sol $SOL $DOGE $TRUMP