Bitcoin has risen above $76,000 again.

Fluctuating Movement in Bitcoin

Bitcoin made a V-shaped recovery after a short-term decline, rising above the $76,000 level. This situation once again highlighted how low liquidity has strengthened sales and recoveries in the markets.

Chinese Economy and Bitcoin

Recently published China manufacturing data, while providing macroeconomic stability, is not viewed as a direct trigger due to Beijing's tight control over the yuan and the limited nature of new incentives. These data create a backdrop for Bitcoin.

Market Situation

During weekend trading, decreasing order books have sidelined major institutions, while Bitcoin's price movement is shaped more by factors such as leverage, position-taking, and shallow market depth rather than fundamental economic shifts.