Has this round of one-sided rise from 74,000 to 112,000 been completed? It can be seen that after the downward trend resistance line was broken by yesterday's solid bullish candle, there was no sign of a further upward breakthrough, but rather it was intercepted and suppressed by the 112,000 mark, subsequently closing in the red and returning below the trend line, with each subsequent low getting lower.

In fact, we can observe that in previous instances, as long as the coin price reached the 112,000 mark and did not continue to close bullish the next day, there would be a significant 10% pullback. In contrast, this time, after reaching 112,000, even with the positive situation of breaking the resistance trend line, it did not continue to stretch, and the market may face a larger pullback?

Looking at on-chain data, on-chain data shows that in the past 24 hours, 5,965 BTC have flowed into exchanges, along with an additional 1,550 BTC influenced by a certain whale's panic sentiment. Coupled with the issue of water cuts and the decision not to cut interest rates, Bitcoin is in a precarious situation. $BTC