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In the early session, BTC experienced a rapid dip due to macroeconomic factors, but it still did not effectively fall below the 116 level. Instead, it attempted to break through but quickly rebounded after failing to sustain that level. It would be remiss not to catch at least one round of the volatile rhythm. Although it seems like a miss out for those watching, riding the wave of the rebound is also quite good.
Currently, looking at the market, BTC dipped and then rebounded but is under pressure at 118, with clear signs of hesitation across various levels, yet we cannot let our guard down. We should still pay attention to the 116 position; an effective breakthrough there will initiate a new round of market activity. If it does not break this level, we can continue to look upwards, treating it within the range.
Around 116200-116700, watch near 118000.
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