#Gate 8月储备金报告出炉# #BTC再创新高# #晒出我的Alpha积分#

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The Bitcoin market yesterday was like a roller coaster, thrilling enough to make your heart race! From the highest point to the lowest point, the drop was nearly 7000 points. This wild fluctuation really requires some resilience to withstand. During the lunch trading session yesterday, the market peaked at around 124488 and then fell back under pressure. In the evening session, it was affected by news and dropped to a low of 117369 before rebounding, reaching a maximum of 119307. Subsequently, it faced pressure again during the early hours, declining to 117119 before slightly rebounding. Although the current technical structure is relatively low, the overall structure remains strong. The current pullback can be seen as a technical retest of the previous high. Last week's K-line showed a long upper shadow, indicating that the upward momentum faced significant resistance. After continuous strong breakouts, the bullish energy has been sufficiently released, and the weakening momentum has led to a pullback, putting the market into a correction phase. This week, the market continues to show a corrective adjustment trend, similar to the end of last week. The difference is that last week's end was characterized by high-level sideways consolidation instead of a deep pullback (strong correction), while the current situation shows weak corrective characteristics in the price decline. In this weak correction pattern, the strategy should focus on positioning long orders at support levels during pullbacks, avoiding chasing highs directly.