#BTC Hits New High Affected by the Federal Reserve's decision last night and the new highs of the Nasdaq and S&P 500, BTC has stumbled its way to a new high of 112. Four hundred million in short positions sacrificed!

This position is very similar to last year's 72 hard top; it seems like it can be easily breached, but in reality, it requires a tremendous amount of energy to break through and stabilize.
The market last night was more of a follow-up, lacking internal driving force; after high-level consolidation and short positions being squeezed, it resulted in a significant fall.

However, the liquidity has not yet accumulated at this stage, so those wanting to touch the peak should take a break first. It is normal to see a stagnation and consolidation at previous highs; only when the pattern is established can we look for a reversal. #Gate VIP理财送茅台