Last night, the price of the secondary market rebounded, and after touching the first resistance level near 2550, it immediately began to decline. Currently, the small-scale K-line pattern shows that the price has once again fallen below the key support level, while the upper resistance level remains unchanged at 2515. From a technical analysis perspective, only if the four-hour K-line closes effectively breaks through and stabilizes at this key point of 2515, will the market be expected to continue the upward rebound trend, further challenging the upper target resistance levels of 2550 and 2580.
Before the four-hour K-line successfully stabilizes at 2515, the overall market is likely to continue the retracement downward trend. The primary support level to watch below is 2455. If this level is lost, the market may further explore downward, with the target support range looking at 2350-2300. Everyone needs to closely monitor the four-hour closing conditions. #BTC