I can clearly tell all investors in this field that the current trend of BTC is not very optimistic.

The current price action is very similar to the bull market in 2020, both in terms of indicators and patterns, as well as the logic of K's movement.

If the current high point of 112,000 USD is confirmed as the peak of this surge 📈, then I hope everyone will be cautious. Once there is an adjustment at the 15-day moving average level, there will be some panic for those who bought the dip at 738,000.

The adjustment at the current level shows that Bitcoin starting with 7 can be seen. Currently, there is only the last support line of the two-day moving average; once it breaks, the weekly trend will completely come to an end.

Whether it's the US stock market or the cryptocurrency market, ultimately there needs to be a major washout to pave the way for a real bull market; this bubble will ultimately need to be digested. I hope you all can have this awareness of risk!

The above views are for reference only and do not constitute any investment advice!

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