"Shock! Bitcoin returns to 100,000, and the market once again hits a new high!"
Affected by short-term news of tariffs between China and the United States, the price of Bitcoin briefly touched the upper edge of the ascending channel, forming a pin bar pattern. Although it failed to break through this channel, the market believes this may be a short-term sell-off triggered by profit-taking. However, from a technical perspective, this pin bar might also be a signal from major funds testing upward, similar to the 'guidance of an immortal' pattern.
Despite not breaking through, the short-term trend remains strong. The ascending channel continues to show a bullish-dominated market pattern, and the pin bar did not close with a bearish candle. It is expected that tonight Bitcoin will once again test the upper resistance level of the channel, significantly increasing the possibility of returning to the 100,000 mark!