3.14 PM, Bitcoin faces heavy pressure above, primarily shorting
Today, the overall cryptocurrency market is showing a slow oscillation and recovery. After Bitcoin's price touched a low of 79903, it gradually oscillated upward, peaking at 82249. Ethereum's trend is similar to that of Bitcoin; although the bulls have seen some rebounds, each rebound has encountered strong counterattacks from the bears, failing to break through the bearish resistance. If you feel overwhelmed in trading, it might be a good idea to adjust your strategy in a timely manner. Remember, it is only when you take the first step that we can move forward together. It is never too late to change; let's become giants in action.
Currently, Bitcoin's price has fallen below the middle track. What was originally a key support level has now turned into upward resistance, revealing the market's weakness. From the 4-hour chart, Bitcoin has seen five consecutive days of decline. Although there were minor rebounds during this period, the strength was weak, and the upward momentum was clearly insufficient, failing to pose an effective challenge to the bearish trend. Bitcoin has broken below the middle track, with support turning into resistance, and the market's weakness is evident. #你看好哪一个山寨币ETF将通过?