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There is a big fluctuation, so BTC surpassing the previous threshold is great! This is a sign of the beginning of a bull market. These coin news have the opportunity to develop strongly.
Everyone is starting to feel fuzzy, yesterday pumped big and sold off big, many are dizzy and don't know whether to buy or sell.
There is a big fluctuation, so it is great that BTC broke through the previous price! This is a sign of the beginning of a bullish market.
This can be seen as the bull jumping up and down, mainly to eliminate both Long and Short orders on the bull's back. This helps the bull to have no pressure on its back and run smoothly. Yesterday, the entire market was liquidated for 2.84 billion. Buy orders were liquidated for 1.72 billion and sell orders were liquidated for 1.12 billion. This shows that buy orders and sell orders have been liquidated almost equally. Near the 65000 area, both Long and Short orders have been almost cleared.
BTC is currently facing a significant pressure zone above, with a target near 68k. This is a prolonged pressure trend for over half a year, and it is still quite challenging to overcome it once. Therefore, after touching the pressure zone, the market quickly went down and reached a bottom near 64,800. There is still pressure zone near the previous high of 72k.
We need BTC to create a candlestick that rises over 10% and breaks the historical high level!
And individuals still believe that BTC will directly break through after the fluctuation phase here!
Of course, BTC will continue to be bullish until it surpasses the support at 63500.
Can this week hold steady at 70,000 or not, determining whether all cryptocurrencies can increase by about 30%, similar to the situation at the beginning of the year, $SHIB, $DOGE, $PEPE, and other old currencies all have To The Moon prospects.