#山寨季来了？# #Gate 6月透明度报告# #稳定币监管风暴#

After the Bitcoin price surged and faced resistance, it experienced a pullback. The subsequent second wave of surges also broke through the 120,000 mark, reaching a peak of 120,200 before facing pressure. The volatility in the early morning was not significant, mainly fluctuating around the 120,000 mark. This indicates the strength of the bulls. From the recent overall trend, Bitcoin has shown a clear step-up rhythm. This rhythm suggests that it is not a sudden and frantic rise, but rather a process that includes reasonable pullbacks during the upward movement. More importantly, the magnitude of each pullback has been very limited, and it can quickly recover lost ground. This pattern of "pullbacks that do not break key support and continuous new highs" is a typical characteristic of a strong bullish trend. The limited pullback amplitude and failure to break key support indicate strong buying interest below, making it difficult for bears to mount an effective attack; while the continuous new highs reflect the bulls' sustained offensive capability, continually expanding the upward space. All signs suggest that the current upward trend of Bitcoin has not changed. Based on this market situation, we can adopt a bullish strategy around pullbacks on Wednesday morning. In a strong bullish pattern, pullbacks are often good entry opportunities.