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Yesterday, the market still achieved a new high during the day, in line with the prediction I shared with everyone in the morning---it will still complete another upward surge before entering a correction! Will it continue today?
The market for Bitcoin has been undergoing a significant adjustment since yesterday afternoon, and it continues to do so now. The upward trend that began on the 5th has ended, entering a 6-hour level adjustment. If it doesn't break down after the adjustment, the market will restart its upward movement. The first support level for today's short-term adjustment is in the 117500 range. The adjustment that started yesterday afternoon is currently structurally complete, and a rebound is expected during the day. After the rebound is complete, a secondary adjustment will form downward. The main resistance for the rebound is around 120500-121200, and after the rebound is complete, we will continue to position downwards in the evening.