Market Review for January 15: Good news has been fully released, and the bulls' top has been cleaned out! Does $BTC still have a chance to surge back to 100,000?
From yesterday's trend, after continuous rises, profit-taking indeed occurred. After a quick surge, it immediately pulled back, a typical pattern of the bulls being shaken out. Liquidation data shows that long positions are rapidly decreasing, and shorts are also gradually being stopped out.
The key question now is—can $BTC regain the $100,000 level amid this volatility? On the daily chart, there is still support, but whether it can break through to a new high depends on the market performance in the coming days. Short-term fluctuations may continue, so there's no need to rush into action.
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Market Review for January 15: Good news has been fully released, and the bulls' top has been cleaned out! Does $BTC still have a chance to surge back to 100,000?
From yesterday's trend, after continuous rises, profit-taking indeed occurred. After a quick surge, it immediately pulled back, a typical pattern of the bulls being shaken out. Liquidation data shows that long positions are rapidly decreasing, and shorts are also gradually being stopped out.
The key question now is—can $BTC regain the $100,000 level amid this volatility? On the daily chart, there is still support, but whether it can break through to a new high depends on the market performance in the coming days. Short-term fluctuations may continue, so there's no need to rush into action.