Some people are very puzzled, wondering why Bitcoin BTC fell sharply last night?
Brother Dan believes that the core logic is that every meeting will fall! At the Big Pie Conference last night, the King of Understanding spoke from 3:00 to 3:30 in the morning,
So you will see a sharp drop at 3:00, and then a rebound at 3:30 and then a sharp drop.
So this market is obviously controlled by the main force. The main force obtains liquidity through event manipulation, and then there are fluctuations.
Then the question is, has BTC finished pulling?
Brother Dan believes that it is too early to draw this conclusion.
Because technical analysis indicates that the daily level is doing an ascending triangle consolidation, the highs are gradually raised, the lows are gradually raised, and the structure is not destroyed.
In addition to the impact of the Big Pie Conference, the reason for the decline is that it just rose to the resistance level of 69,000.
So the decline is likely to be liquidity absorption, and it is not necessarily a reversal downward after liquidity plunder.
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