In the wave of the cryptocurrency market, the recent trends of BTC and ETH are quite noteworthy. When the price climbed to the critical resistance level of 125,000, a prominent long upper shadow was left on the daily chart. This is not a coincidence; it reflects the heavy selling pressure above, illustrating the struggle between bulls and bears at this point.
As the new trading day opened, the price began to pull back, targeting the upper support of the previous bullish flag pattern. From a technical perspective, this pullback confirming support in an uptrend is actually a form of 'self-regulation' by the market. It does not signify a depletion of upward momentum as it may appear; rather, it resembles a healthy technical correction. It is akin to a long-distance runner appropriately slowing down to adjust their breathing, aiming for a stronger sprint later on. This correction effectively digests earlier profit-taking, allowing market sentiment to settle, thus accumulating sufficient momentum for further upward movement.
Regarding the current market situation, I still maintain an optimistic attitude. Every fluctuation in the market represents a rebalancing of bullish and bearish forces, and this pullback confirmation at a critical position often serves to build momentum for the next wave of market movement. #BTC #ETH #加密市场回调 #主流币轮动上涨 #BTC🔥🔥🔥🔥🔥