A big bullish candle directly exploded! Bitcoin surged to 71468. Is the main force washing out positions or preparing to crash?
As soon as the news came out, the market was directly boosted, Bitcoin surged to 71468, but was quickly pushed down again, indicating heavy selling pressure above, with many people selling at high positions.
Now this kind of trend is digesting after a surge, with short-term funds battling back and forth quite fiercely. The price is fluctuating around 70000; if it can stabilize, there will be another chance to surge; if it can't stabilize, it may retest lower.
Overall, it still leans strong, but don't chase the highs, wait for a more stable pullback before considering entering the market.