Bitcoin shows potential signs of correction and may hit the previous resistance level, around 60,000. This position has turned into a support level after being broken, and then continued to rise. .
In recent days, the price of Bitcoin has been fluctuating downward at a high level, with no obvious upward momentum and no signs of a sharp decline.
Although the appearance looks balanced, from the perspective of Wyckoff theory, the market may be in the stage of chip distribution. Large investors and institutions may be quietly shipping, and the market will experience a deep correction.
The recent continuous highs are likely to be the result of Gouzhuang's shipments in order to increase prices. Do not blindly chase the rise, enter the market with stop loss and take profit, and control risks