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Bitcoin has recently shown a volatile trend, witnessing a significant short-term rebound that touched a high of 115,700. However, this upward momentum does not seem to be stable, and the current market is at a critical stage of a second bottom test.
Observations show that the Bitcoin's fluctuation range has been clearly defined between 115,700 and 112,000. This range provides important reference indicators for investors.
For investors who intend to participate in trading, the following strategies can be considered:
1. When the price breaks through 115,000, it may be an opportunity to establish a short position.
2. On the contrary, if the price falls below 112,000, it may be the time to establish a long position.
However, the high volatility of the cryptocurrency market cannot be ignored. Investors must act cautiously and strictly implement risk management strategies. It is crucial to continuously monitor real-time price fluctuations and adjust trading plans in a timely manner.
Although the market may continue to fluctuate in the short term, Bitcoin's position as a major cryptocurrency remains solid in the long run. Investors should fully consider market trends, macroeconomic factors, and their personal risk tolerance before making any trading decisions.