#Bitcoin❗ 's surge to $113K marks new all-time high territory and is a decisive technical breakout from two constraining patterns that have capped price action for weeks. $BTC 🤖
Bitcoin generally follows a pattern, as indicated by the yellow marker in the figure. After a sharp rise, there will typically be around a week of consolidation, with current support around 115,000. #BTCBreaksATH
#TrumpTariffs Sign 1, Bitcoin's current breakout is characterized by rising price and volume. Short-term trading volume is increasing alongside the price, which is a very positive signal. So far, we have not seen any signs of decline; it may rise significantly and then naturally pull back to around 115,000 for support before continuing the bullish trend. However, we need to ensure that the MACD and trading volume keep up. 👀#Write2Earn
#BTC☀️ Sign 2, Bitcoin's trading volume has been continuously declining, down 70% compared to last year and down 50% compared to the past few months this year. The trading volume is weakening, and there are obviously fewer people trading coins. The current increase is not driven by strong buying pressure but rather by the lack of selling pressure, meaning that with very little selling, even a small amount of buying can lead to significant price increases. Trading is gradually becoming institutionalized, as institutions are long-term players and they don't sell. 🤝💥