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Bitcoin is hitting the $106,500 mark, which is actually a clear signal of strength, rather than a bull trap.
Many investors tend to become cautious when facing market corrections, but worry about being trapped during bullish trends. However, the real major uptrend usually forms after a breakthrough of key resistance levels.
Currently, the support at the price of $105,200 is quite solid, and the market only needs to conquer the key trigger point of $106,500. Once a breakthrough is confirmed, the main capital will likely push the price upward without hesitation.
The reason for this judgment is that the recent emotional sell-off has ended, and the floating chips have been completely cleared. At this point, the cost of pulling up is very low, while the upward space is extremely vast.
For those investors who are still hesitant, when Bitcoin reaches $127,000, you might regret your current decision: why you didn't add more positions in the $105,000 range.
Market opportunities are often fleeting, and decisive actions at critical moments can determine the success or failure of an investment. When analyzing market trends, breaking through key resistance levels is usually an important technical signal that investors should pay close attention to.