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0120 Bitcoin Daily Report😊😊
Bitcoin further came under pressure, losing the $61,000 level, as the Greenland dispute escalates further, prompting a quick response from the crypto market. However, the Bitcoin correction remains relatively limited, and market participants or traders are betting that Trump will ultimately soften his tariff threats. Meanwhile, institutional analysts also note that positive news often results in lower rewards compared to negative news catalysts. Bitcoin is close to a critical level, with further upside potential, but geopolitical-related news quickly interrupts this momentum.
High volatility may become the norm. Despite a sharp reversal on Monday, from a technical perspective, Bitcoin's trend structure remains intact and constructive, indicating strong underlying buying interest. However, short-term positions are more persistent, and unless the growth of mature supply begins to outpace the spending of long-term holders, it will remain under pressure. Short-term volatility is expected to dominate.