While negotiations are ongoing and pressure is being applied, more major news is set to be announced tonight. Combined with the Friday time frame, market sentiment is destined not to be calm.



Secondly, the K-line movement right now is also quite interesting—the price keeps being pulled back and forth around the previous top-bottom conversion zone.

That morning’s dip was, in essence, only liquidating a portion of futures contract stop-loss orders, without showing any further follow-through in downside movement.

A shakeout market is often like this. In other words, the K-line’s current jumps are, at this moment, more about a contest of sentiment and do not carry strong reference value.

The most important thing right now is not to blindly follow volatility, but to patiently wait for a true directional confirmation.

The daily MA200 (83100) has not yet been effectively confirmed. Ending it hastily is obviously not very reliable $BTC
BTC-1.69%
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