In this bull run, many people have been shouting to push to 120,000-150,000, but what happened? After a high-level consolidation, it directly fell without stopping, leaving those who blindly chased rising prices in ruins. Don't be quick to mock; those still holding long orders above 110,000 are probably already buried under stop loss orders around 106,000-107,000.

The crazier the rise, the harsher the fall. The way it was pushed up by liquidity back then, it now has to be liquidated and smashed down just like that. The previous continuous surge hardly gave any chance for a pullback, and this downward movement now is likely to struggle for a decent rebound. Bears have finally got their opportunity to turn the tables, while bulls will only find themselves deeply trapped in a spiral of decline...

The current first target support is 103,000. Once it breaks through, the psychological barrier will be 100,000. If the 100,000 mark is lost, it basically confirms the establishment of a mid-term top. We have been holding the long-term short order positioned at 111,000, allowing the market to find its own direction... #成长值抽奖，赢 iPhone 16 和精美周边# #BTC行情分析# #近期新币推荐#