Just ""Dumping""?!
Last night, $BTC unexpectedly experienced a shocking drop of about 4%, causing the opening price this morning to only reach $107,318
More than $600 million has been liquidated in the past 24 hours. However, on the other hand, this drop shows something positive
During the period when Bitcoin rose from $74,600 until now, yesterday's drop can be seen as the clearest and strongest corrective candle. Correction is necessary to create upward momentum
Yesterday, Bitcoin's lowest price reached $106,800, still above the strong resistance/support zone, indicating that the market has not broken the upward trend. It is expected that $BTC may return to the range of $110,000 - $111,000 by this weekend, and continue to reach ATH in this May.
