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The recent Bitcoin breakthrough is characterized by rising prices and increasing volume. The short-term trading volume has risen along with the price, which is a very positive signal. Currently, there is no sign of decline; it may rise significantly and then naturally fall back to the support near 115,000 before continuing the bullish trend. However, it is necessary for the MACD and trading volume to keep up. Bitcoin trading volume has continued to decline, down 70% compared to last year and down 50% compared to the previous few months this year. The volume has weakened, and there are noticeably fewer people trading cryptocurrencies. Currently, the price increase is not driven by strong buying pressure, but rather by a lack of selling pressure, meaning that the sell orders are very small, and a little buying can significantly lift the price. Trading is gradually becoming institutionalized, as institutions are long-term players, and they do not sell.
In the short term, Bitcoin's support is currently around 115,000. Overall, after a short-term pullback, it may continue to rise a bit, but don't expect too much increase. This time, the trading volume is much lower than in previous waves; reaching 125,000 would be quite good unless the trading volume continues to expand.
In summary, it's still important to wait for a pullback and not chase high prices!
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CryptoLoverArtistvip
· 6h ago
Please 🙏 follow me. I Follow Back! 🎉

hope u like my analysis and posts too
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