BTC has surprisingly shown a deep V reversal, what will happen next?

Just focused on the BTC/USDT 1-minute trend, and there was a deep V reversal!

The price first plummeted significantly, reaching a low of 116300. Just when everyone thought it was going to crash, the plot suddenly reversed and began to rebound rapidly, now hovering around 117023.

Observe the trading volume. The volume during the decline was large, with a significant outflow of panic selling; during the rebound, the volume was also considerable, with funds taking the opportunity to enter the market and seize shares. Currently, both long and short positions are in a state of stalemate.

For the future, if the bulls can continue to exert strength and hold above 117000, it may open up upward space. But one must also be cautious, as the market is unstable; once there is unfavorable news or a whale moves again, it could trigger another decline.

(Investment carries risks, decisions should be made cautiously, do not follow the crowd blindly in Gate trading!)
#BTC #加密行情