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The price movement of Bitcoin has recently shown strong Fluctuation. Recently, Bitcoin reached a high of $107,900, attracting the market's attention. However, the market is still in a state of consolidation, lacking a clear direction.
Recently, Bitcoin has broken through the previous peak of fluctuations while also falling below the rising low of the fluctuations. This unpredictable price movement makes it difficult for market participants to grasp.
Currently, $108,900 is an important upper resistance level, while the range of $106,700 to $107,100 is regarded as the defensive area for bulls. The support below this range is relatively strong, and main capital is likely to protect this range.
However, we cannot ignore a potential risk: if the main funds choose to withdraw, the market may face a sharp decline. Therefore, closely following the evening market dynamics is particularly important.
For investors considering going long, it may be necessary to remain patient for clearer market signals. After all, in such an uncertain market environment, acting cautiously is often a wise move.
Overall, the current Bitcoin market is at a crucial crossroads. Investors need to closely follow the movements of the main capital and any potential breakthrough changes in the market. Whether choosing to enter the market or observe, decisions should be based on thorough market analysis and personal risk tolerance.