Bitcoin has reached 110,000 USD, and the market is ecstatic, but it quickly entered a sideways oscillation zone, resembling a top student jogging on the playground before the college entrance examination — immovable like a mountain, but actually gathering strength!
From a technical perspective, BTC is currently consolidating at the upper edge of a short-term ascending channel, and the reduction in trading volume indicates that chips are being exchanged. Bulls are not retreating, and bears do not dare to act, creating a psychological game of "whoever moves first gets eliminated."
On-chain data
View Original