From early morning until now, we have returned to the front where the trapped positions start to fall. The turnover generated here is not significant, but it is sensitive in the short term. The maintenance of the price is not due to an increase in purchasing power, but rather a decrease in selling volume. If negative news increases the selling pressure while purchasing power does not rise correspondingly, the situation will turn into what it is now.

However, currently, there is no fundamental impact on Bitcoin; it is more of an emotional release from U.S. stock investors.

After a sharp drop, there is a small rebound, but it is likely to go down and fill a gap, observing the situation for a second buying opportunity.

Short near 105k

TP: 102-103k📉