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Details: ht
In the current Bitcoin market, we observe two key liquidity accumulation zones. The first is around $108,000, and the second is around $114,000. These two price levels seem to have become the focus of traders' close attention.
However, market trends often do not develop linearly as expected. Before reaching these key levels, we may first experience a period of downward adjustment, followed by an upward breakout. This "consolidation" pattern is not uncommon in the cryptocurrency market, often aimed at accumulating more momentum to break through important resistance levels.
Investors and traders should closely follow the market activity around these two price levels. A large number of buy and sell orders may accumulate in these areas, thereby affecting the short-term price trend. At the same time, be wary of potential false breakouts or actions that lure traders into going long or short.
Overall, although the long-term trend is bullish, the market may experience some volatility in the short term. It is recommended to combine various technical analysis tools when making trading decisions and to closely monitor changes in market sentiment and macroeconomic factors.