#PI# Currently, Bitcoin has been consolidating between 117,000 and 120,000. Many people say that after the consolidation, it will continue to surge to 120,000-140,000 next month, which I think is not wrong. Of course, it’s also a matter of probability; the market moves based on its own dynamics, and indicators have lagging characteristics. My viewpoint is that BTC is consolidating instead of falling, which is one possibility. Another possibility is that this is a distribution phase and we are at a temporary high. The MACD has already formed a death cross, but the fact that it hasn’t dipped down
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