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$BTC 10.27 Bitcoin Price Today: Previously, I mentioned that Bitcoin has two structural routes: one is the yellow route, a triangle breakout upward; the other is a breakdown downward.
Currently, the market has successfully broken through the triangle range. This morning, I took profit on 70% of the long orders because after the weekend rally, a clear gap formed in the futures market. Whether this gap will be filled later remains uncertain. Therefore, to be cautious, we have booked some profits first. If the market indeed fills the gap, we will re-enter with new long orders below.
In summary, the weekend rally created a gap around 111,000. Taking profit is to prevent a short-term gap fill. There are no new structural changes at the moment; we will update after observing the market's movement.