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Recently, I've seen quite a few bearish voices, and the market sentiment for Bitcoin is indeed a bit excessive. But let's calmly analyze a few points:
**Recent rebound potential still exists**
In the short term, BTC is likely to test the level just above 100,000 again. Although pessimistic views have increased recently, upon closer reflection, there aren't many major negative news anymore. The market has mostly digested the expected negative factors, which actually indicates that the selling pressure isn't as terrifying.
**Solid technical support**
Looking at the chart, the L3 trend line is holding quite steadily. After BTC found support near this line, it has been following it for over a month, which is enough to show the strength of this level. This seemingly boring trend of hugging the line is often a signal that the main players are quietly accumulating.
There's no need to over-interpret short-term fluctuations; with support lines in place, you can stay confident.
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It's the usual story of the main force accumulating, let's wait and see.
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Just over 100,000? Alright, let's wait and see; anyway, it has already fallen.
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Finished digesting expectations and then really have no time? I don't believe that.
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A month after touching the line and calling it a signal is a bit of a stretch, brother.
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The most heard phrase is that selling pressure isn't that scary, but what’s the result?
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Supporting lines are always reassuring, this kind of talk is said every time.
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Calm analysis? I think it's just calm bragging.
I've heard this kind of explanation too many times. And the result? As I always say, once the trend line breaks support, you have to admit defeat.
However, the 100,000 level is indeed interesting, but don't expect me to buy the dip again.