Understanding the market from the perspective of the Wyckoff accumulation model: since Bitcoin has pushed to new highs in this leg, it is very likely that, in terms of Wyckoff’s structure, the market is in the SOS phase. From pulling up to this point, we can regard that the main players’ accumulation is essentially complete. But stopping here means there’s still a need to shake out the floating supply.

Bitcoin’s structural support zone is formed by the AR top (76000) and the UT top (82800). In principle, price will not return below the AR top.

So, if you believe the bull market has already arrived, when price moves back into the 76000–82800 range, that would be Bitcoin’s last major opportunity to add to positions in large quantities.

Under a trending market, the significance of short-term fluctuations is not that great. #BTC走势分析

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