Bitcoin Withstands Multiple Bearish Factors, Market Resilience Shows Bullish Characteristics

Trader Killa stated that despite facing a hawkish decision from the Federal Reserve, rising oil prices, hot CPI data, soaring global bond yields, a strengthening dollar, a hack on Ledger wallets, and multiple bearish factors regarding the delisting risk of Strategy (MSTR) and the transition to AI, Bitcoin has maintained a range-bound fluctuation. Given the current macro pressures and negative news, Bitcoin should have fallen below $70,000, but its demonstrated resilience is noteworthy, suggesting that the market may be gradually forming an important phase bottom. Under the impact of bearish shocks, Bitcoin has still managed to hold its price range, indicating that it is digesting negative news, which is also a typical characteristic of a bull market.

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