After two weeks of volatile decline, Bitcoin successfully broke through the first resistance line of 56,000 on Monday and fell back to 55,545 points last night, completing the verification of the support of the breakthrough point on Monday night. Although the market still shows some weakness in the short term, the trend is gradually improving.
From the perspective of technical analysis, Bitcoin is gathering strength and preparing to challenge the second resistance line of 61,000. Once Bitcoin breaks through this line, it will mark the end of the overall weakness in the medium term.
In the later period, if Bitcoin can effectively break through the third resistance line of 69,000, it will complete the medium- and long-term adjustment of half a year, and is expected to create a new historical high, thus entering a new round of upward trend.
On Monday, the Bitcoin daily K-line chart has achieved a breakthrough of the first resistance line, which has injected certain positive expectations into the market.