#BTC☀ Reminder on the 21st that there is a need for a small level pullback, which has now been realized. The reason can be found in the article from the 21st.
#BTC☀ This pullback can be said to be widely anticipated, as those who haven’t entered are waiting for a pullback to do so, and the bears who need to add positions have also added. Recently, the most common information in the plaza is either a hundred thousand liquidation, or a sharp drop to break even or become wealthy.
But currently, objectively speaking, unless there is a sudden waterfall due to news, a significant level pullback will still need some time. The key here is whether it will break above 98,500 again; if it breaks, the probability of a small level pullback will be limited in depth, requiring dynamic observation.
The first major support is at 93,000. If it breaks, it will likely require at least daily level time to recover. After several months of recovery, the price is expected to exceed 110,000.
