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Bitcoin BTC ｜What the market fears most may not be a drop, but a failed breakout
Bitcoin recently once approached $67,000, but then fell back again.
This kind of market action is most likely to make people start questioning:
“Was that just now a real breakout, or merely a temporary rebound?”
At the moment, ETF flows show outflows, indicating that some institutional capital has started taking profits in the short term or reducing risk.
But I won’t conclude the market is over just because of one day of outflows.
What the market truly needs to watch is whether BTC can find buy-side support after the pullback.
If every decline is met with follow-on buying, then it may just be consolidation.
But if after a failed breakout, selling pressure keeps increasing, be careful— the market may not yet be truly ready to welcome the next leg up.
#直通IPO第二期JerseyMikes $BTC