According to the latest market conditions, Bitcoin experienced a stunning rally yesterday, breaking above recent highs. However, this rise did not last long and the price quickly fell back. This price dynamic indicates that there is significant selling pressure in the market, making the resistance above quite strong. However, it is worth noting that there is also relatively more buying below, which may provide support to a certain extent.

Despite the price pullback, bulls are still showing strong momentum. Increased bull power means bulls have the upper hand in the market, which may have attracted more buying into the market. Therefore, the current market is showing a volatile and upward pattern.

At the same time, paying close attention to market changes and adopting appropriate risk management strategies will help you make more informed investment decisions. The market is uncertain and risky, so it is recommended to carefully evaluate personal risk tolerance and formulate a reasonable investment plan.