BTC Market Analysis: #BTC #行情分析

Bitcoin is consolidating at a high level, under the market backdrop where everyone is focused on breaking through 100,000 USD

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, it has begun a decline

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. Currently, it has broken through key levels in a smaller timeframe. It was initially thought that it would consolidate like the converging triangle below, oscillate, and then break to surge towards 100,000, but now that it has broken down, be cautious of the risk of a deeper decline. Previous profitable positions need to take profits and exit, as the chips will continue to be sold off.

The first support level in this new round of decline, as shown in the picture, is around 93200. There will be strong buying pressure at this position, and a rebound

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can be expected.

(What about the future market? We need to take it step by step, follow the market, and act according to the trend!)