I said that every drop is an opportunity, the peak bull market is on the way $BTC

Waking up to the market, I find a chorus of lamentations. The gains from a few days ago have been wiped out in one day. The reason is that the Mentougou address has stirred again, transferring out 500 BTC ($35.04 million) three hours ago. It is currently unclear if a new round of compensation is starting. The Mentougou address still holds 44,900 BTC waiting for subsequent processing. However, I view today’s decline as a normal pullback.

From the hourly level, today's lowest price for BTC fell to around $68,830. The market then began to rebound. As can be seen in the chart, the short-term pressure point for Bitcoin is $70,655, which is also the peak after breaking the moving average again at the hourly level. If the market continues to rebound and the price breaks through $70,655, then the next stage will test the selling pressure area of $72,960—$72,200. If this area can be broken, then the price of Bitcoin will continue to move towards new highs.