The upper pressure point faced by Bitcoin is the high point of 61,800. It is not only a technical barrier, but also the key to the psychological game between the long and short sides of the market. 61,800 US dollars, this position is like a watershed, and its gains and losses will directly affect the future direction of the market.
For bulls, if this pressure point can be successfully broken through, it will mean a comprehensive warming of market sentiment and further strengthening of buying power. By then, Bitcoin is expected to launch an attack on a higher target - the 65,000 US dollar line, and start a new round of rising market.
However, for bears, they will naturally not give up their positions easily. Near the previous high point, the bears often gather a lot of strength to block and try to pull the price back to a low level.
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