The competition between bulls and bears in the market is becoming increasingly intense, with Bitcoin just a step away from a new high. Can it reach 110,000?
1. News
1. Market News
From the perspective of market news: There has been significant divergence in recent market news, especially between the trading bulls and bears, as well as among large players, intensifying the competition and further increasing market risks, which may exacerbate market fluctuations.
2. Institutional Situation
From a market perspective: Institutions have been continuously holding positions recently, and the market has been consistently rising. The upcoming market trends may be more influenced by market news, and changes in institutional holdings will reflect the movement of market news.
3. Market Sentiment
From the perspective of market sentiment: The market prices will continue to consolidate at high levels, fluctuating. With short-term sentiment values not declining, it is difficult for market prices to form a downward trend. The main trend remains high-level consolidation and fluctuation.
