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The short and medium term are all starting to distribute, and the final high point of the bullish run has reached above 77k, which has been completed ✅
What should we do at this stage?
First, pass on chasing the rally; this wave of surge has directly wiped out two major chain liquidation zones, and there is a demand to refill the chip vacuum zone around 75.6k.
Ps: This does not synchronize with Ethereum; we can still look forward to a rebound!
Since Bitcoin has reached the medium-term target, which has also been the previously indicated terminal top, the main focus now is on a pullback phase, with downward attraction definitely stronger than upward.
Just a reminder, although institutional holdings in the market are at a high point, they have already decreased by $6 billion. Even if a correction doesn't form so quickly, it's not far off. Let's put aside whether it crashes violently or not; the first short-term target is around 76k!