Bitcoin maintains a weak consolidation in a conventional manner. Even though US stocks surged afterwards, it still faced pressure and retreated from the 116,000 level. Continue to pay attention to the support situation around 114,000.



In terms of posture, institutions are increasing their stakes in buying, which will reverse the trend against the current situation, especially after breaking through the 3650 level, the bulls will strongly pull up again to break the 3700 mark. This signifies a trend change, but one should still avoid blindly chasing.

Bitcoin: Maintain high sell and low residue in the 114,000-116,000 range.

Gesture: 3720-3750 area support, below 3600-3620 follow. #BTC#
BTC-0.42%
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