The coffin board at 109000 can't hold on any longer! Dead cows are strewn about in the cryptocurrency mortuary!!!
BTC hits the brakes hard at 109000, and the superficial increase of 1.56% is like a fig leaf, actually exposing the bulls' lack of confidence!
It's like a replay of the last time we charged at 113000—the critical integer points have always been a battlefield! The psychological barrier of 109000, which I have repeatedly emphasized, has been breached, like a sharp blade piercing through the last dignity of the bulls. Think back to November 2023, every time BTC dropped to 105000, it staged a desperate rebound, ultimately leading to that wave of crazy increases, showing that the competition for key positions determines the battlefield pattern.
This current 1.56% slight increase is akin to a dull knife cutting flesh. My market monitoring shows that there is a large amount of selling pressure piled up above 115000, and the main funds have been net flowing out of exchanges for three consecutive days, like sharks lurking in the deep sea smelling blood. If retail investors try to bottom fish at this moment, it is equivalent to catching falling knives with empty hands.
Once the 107000 defense line is lost, a free fall will ensue below!
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