Has the bull market's horn not yet sounded and Bitcoin has already fallen?
#BTC has recently been stuck below the resistance level of 116k, moving in a rather tangled manner.
Technical Analysis: The resistance band at 116200-118600 USD is hard to break through, making it difficult to ignite a new wave of market activity. @苏哥618
Support Level: 108k-112k remains crucial, with many traders watching this range closely.
Macroeconomic Perspective: The Jackson Hole meeting is approaching, and a single statement from Powell could cause significant market fluctuations.
Sugo's Feeling: The market now feels more like a period of accumulation, but the capital situation is cautious.
If ETF funds can continue to flow in, the bull market might have been misjudged as ending before it has truly begun.
In the crypto space, if you don't have a good circle or first-hand news from the crypto world, then I suggest you follow Sugo to help you get ashore, and welcome you to the team!!!
