Today, the overall cryptocurrency market is showing a slow and fluctuating recovery trend. The price of Bitcoin gradually rose after hitting a low of 79,903, peaking at 82,249. The trend of Ethereum is similar to that of Bitcoin; although there was a rebound from the bulls, each rebound faced strong counterattacks from the bears, and it has not been able to break through the bears' suppression. If you feel overwhelmed in trading, it might be a good idea to adjust your strategy in a timely manner. Remember, only when you take the first step can we move forward together. It is never too late to change; let us become giants in action.
Currently, the price of Bitcoin has fallen below the middle track, which was originally a key support level but has now turned into an upward resistance. This change clearly reveals the weakness of the market. From the 4-hour chart, Bitcoin has fallen for five consecutive days. Although there were minor rebounds during this period, the momentum was weak, and the upward momentum was obviously insufficient, failing to pose an effective challenge to the bearish trend. Bitcoin has broken below the middle track, turning support into resistance, and the weakness of the market is evident.