The daily level of Bitcoin has shown signs of stopping the decline, but surprisingly, the price achieved a V-shaped reversal stimulated by news, with a single-night increase exceeding $10,000. This trend broke market expectations, and the originally anticipated consolidation was directly replaced by a bullish rally.

After a long period of dormancy, the bullish forces released their accumulated energy like a volcanic eruption, leading to a strong rise that significantly boosted market confidence, causing the entire cryptocurrency market to boil with excitement.

Currently, from the perspective of smaller time frames, Bitcoin's price is in a state of high-level fluctuations.

However, due to the rapid speed of this rally, akin to a sudden storm, there is a possibility of forming a death cross and experiencing a pullback in the short term.

After all, such a rapid surge will inevitably attract many swing traders to take profits and exit the market.