#加密市场回调 Bitcoin price began a pullback after climbing to a high of 116074 USD yesterday and continued to decline during the early hours. This round of falling market is mainly influenced by three major factors: global geopolitical tensions, high margin trading forced Close Position, and overall poor macroeconomic performance.



It is worth noting that although the overall risk resistance of the current market has improved compared to before, and the participation of institutional investors has also significantly increased, the recent decline has been quite noticeable, having already broken through the important boundary of the consolidation range. In the short term, the bearish trend is quite clear, and this downward trend is expected to continue. Traders are advised to wait for lower levels before considering going long, ensuring proper risk management to avoid trading against the trend.

Specific operational strategy: Consider placing long positions around $111,800, with a target price of $113,500.

$BTC
BTC-2.43%
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WalletDetectivevip
· 10-29 02:33
A-shares have started to dump again, it's time to get on board.
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BagHolderTillRetirevip
· 10-29 02:26
On the third day of the Lunar New Year, everyone is already playing people for suckers. It's tragic.
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governance_lurkervip
· 10-29 02:12
Pro has something to say, who understands?
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HodlAndChillvip
· 10-29 02:04
Hmm, the bear is coming, can't run away.
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