Bitcoin experienced a significant recovery, reaching a new all-time high at $109,357.07. However, a Bitfinex Alpha report warns of potential headwinds as “sell-the-news” trading behavior looms. The recent rebound followed a steep decline triggering $818 million in liquidations. Bitcoin’s support-resistance level is crucial, with short-term holders defending against deeper losses. Spot market activity and institutional buying have been driving the recovery, but maintaining momentum is key to avoiding stress. The market remains cautiously optimistic despite potential short-term risks. Traders are advised to stay vigilant during this potentially volatile period.

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