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Bitcoin volatility consolidation hides a twist! Never blindly chase the rally!
Recently, Bitcoin’s price action is very typical: it keeps dipping repeatedly, and the 75,000 level has been firmly defended—becoming a solid bottom;
After three attempts to break the 80,000 mark, it still couldn’t hold and complete the breakout.
Below, institutions continue to step in and keep buying support; above, short-sellers’ sell pressure is strong. Both bulls and bears face pressure in both directions, leading to frequent whipsawing and range washing.
In the short term, it’s highly likely to keep grinding through consolidation until May, waiting for a breakout from the range before a trend move can emerge.
Right now, keep your hands off it—don’t chase pumps or panic-sell. Patience and waiting for a clear direction is the key.#币圈##区块链# $BTC $ETH #以太坊基金会解质押约4890万美元ETH