I have spent some time studying the current chart of Bitcoin ($BTC). Through analysis, it seems that the current bullish trend of BTC is just a fake fluctuation, not reflecting the long-term trend. Based on my personal opinion, I see that BTC seems to be "very eager" to return to the price level of $58,000.
The reason could be due to the large amount of short positions taking place in the market, leading to a slight increase in the price of BTC to manipulate investor sentiment. However, I believe that this increase is unlikely to be sustained in the near future. Normally, BTC tends to drop sharply in the late hours, especially around 2am Vietnam time. Let's wait and see how long BTC can maintain this upward momentum.
🚨 Note: The above comments are just personal opinions, based on market observations, and are not investment advice. Please consider carefully before making any financial decisions. 🚨
