Bitcoin traders are demonstrating restraint in the face of geopolitical pressure by comparison with similar circumstances in the past. However, according to a Cointelegraph report, an instance of high...

Bitcoin traders are demonstrating restraint in the face of geopolitical pressure by comparison with similar circumstances in the past. However, according to a Cointelegraph report, an instance of high volatility may occur soon. Pseudonymous cryptocurrency analyst “Skew” explained, although Bitcoin has corrected by about 3%, the market has not panicked. In the past, a 5% downtrend was accompanied by aggressive short selling, spot selling and volatility surges but this time, such a trend has not been observed. There has been no major movement yet the analyst noted, but he warned that there is a possibility that volatility will increase soon.

Analysis: Bitcoin traders show restraint despite geopolitical pressure

Fundamentals and short-term trends are two different things.

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Just now, BTC strongly broke through 106,000, with ETH, SOL, and others all rising, and the panicked market sentiment has improved significantly.
How will BTC's price move next? The following views are from <Followin Trading Strategy Square>.
"Currently, it's an upward box structure on the small scale, and the momentum looks like it will break through. The key point is still whether it can successfully break through and stabilize at 2540. If the small structure continues to oscillate in a small range, it would be better. In any case, if it breaks through 2540 later, 2617 can be expected, as the horizontal range has been long enough." - Yu Sanshui @YSI...

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