📰 HOT NEWS:
Bitcoin has bounced back and recovered to around 109,000 USD after hitting a bottom of ~106,000 USD, and the cryptocurrency market is under pressure from US economic data that did not meet expectations.
At this price level — a critical "bottleneck" according to on-chain analysis — bitcoin is in a zone that could experience significant movement: if it stays above this mark, there is a possibility of further gains. If not, there is a risk of dropping to ~98,000 USD.
Short-term impact: the "risk-on" sentiment is returning, capital may flow into altcoins or more risky markets, but if bitcoin cannot surpass the 110,000 USD mark, it could easily lead to a period of accumulation or correction.
