On Monday, Bitcoin's performance continued the downward trend from last week, experiencing a one-sided decline. During the European trading session, there were repeated fluctuations, and the US session saw some stabilization, but overall it remains in a weak consolidation phase.
After three consecutive days of decline, both sides have tested the key points around 11.4/4200. Currently, the market is stabilizing around 11.6/4350, with the downward momentum slowing. The four-hour technical chart also shows signs of a rebound, but it still faces resistance at the 11.7/4400 level.
Bitcoin: Range 11.72 to 11.76, with support around 11.4.
Performance: Range 4425 to 4455, with support around 4280 to 4430. $BTC