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Bitcoin has gradually stabilized after experiencing a technical pullback over the weekend, and the price has started to rise slowly. Although there was a fall due to resistance encountered in the short term, the decline has been limited, and the overall upward trend remains intact. After the weekend adjustment, the price of Bitcoin has re-established itself, and the market is still dominated by long positions.
From a technical perspective, Bitcoin started to rebound after finding support around 116600. Currently, the range of 116900 to 117500 may become a key trading area. Market participants should closely monitor the price movements within this range, and if a buying signal appears, they may consider establishing long positions.
It is worth noting that if Bitcoin can break through the current range, the next important target may be around 118500. However, investors should operate cautiously, closely monitor market changes, and adjust their strategies in a timely manner.
Overall, although there may be fluctuations in the short term, the overall trend of Bitcoin remains positive. Investors must conduct thorough research and risk assessment before making any investment decisions.