Black Friday Market Analysis

In the past day, Bitcoin has experienced significant downward volatility, with prices facing strong selling pressure while attempting to break through recent highs, followed by a rapid decline.

Despite a few minor rebounds along the way, each rise has shown weakness and was quickly suppressed by bears.

Especially after the price fell below the key support area, it accelerated downward, reaching a low near the 80,000 mark.

Market sentiment is clearly cautious, with a large amount of capital choosing to stay on the sidelines, leading to an expanded decline in a short period.

This trend reflects that in the tug-of-war between bulls and bears, the bears are gradually gaining the upper hand, with buying pressure failing to effectively absorb the selling pressure.

Currently, it appears that Bitcoin still carries the risk of further declines in the short term. Don't rush to catch the falling knife.