Trader Killa: Bitcoin has successfully withstood multiple bearish pressures, and the market resilience may indicate characteristics of a bull market

Trader Killa posted that despite the market facing the Federal Reserve's hawkish decisions, rising oil prices, hot CPI data, soaring global bond yields, a strengthening dollar, the hacking of Ledger wallets, and multiple bearish impacts from the market's concerns about the delisting risk of Strategy (MSTR) and the transition to AI, Bitcoin still maintains a range-bound fluctuation.

Considering the current macro pressures and negative news, Bitcoin should have fallen below $70,000, but its demonstrated resilience is noteworthy. The market may be gradually forming an important phase bottom, as it can still hold its price range under bearish impacts, indicating that it is digesting negative news, which is also a typical characteristic in a bull market.