#比特币盘整分析
Is Bitcoin reversing to pick someone up?
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Dare you to get on the bus at 90,000?
Bitcoin is currently testing the critical level below 95,000.
MicroStrategy has purchased $5.4 billion worth of Bitcoin. This brings their total holdings to approximately 386,500 Bitcoins, worth nearly $22 billion. Despite the market's optimistic view on Bitcoin's rise, certain unexpected events are hindering bullish momentum.
Behind this short-term adjustment is the increase in meme coin scams and fraudulent activities. From influencers initiating stock price manipulation schemes to streamers openly discussing how to manipulate followers, market trust is being undermined.
Bitcoin's current support level is between 90,000 and 92,000. In the long run, the overall bullish trend remains intact, despite the chaos, institutional interest in Bitcoin remains strong.
Bitcoin is a bottom-up adoption story, with individuals leading the charge and institutions and governments following suit.
As Bitcoin's market value approaches $2 trillion, large capital pools such as pension funds and central banks are starting to pay attention to Bitcoin.
The liquidity around the 100,000 level is quite ample, especially around 99,700. If Bitcoin breaks through this level, it could trigger a short squeeze, pushing prices higher.
However, in the short term, 100,000 remains a significant resistance level and will continue to consolidate before breaking through.
There are still some news factors that have not been fully digested in this current phase. Regarding Bitcoin, I, Old Li, will take a wait-and-see approach. Don't be afraid of missing out; you can look for other targets to enter!
If anyone feels confused due to market fluctuations, unsure of how to deal with being trapped, or feels misled during the trading process, feel free to reach out!
I am Old Li.