#加密市场回调 Bitcoin has fallen again! Will 410 be the next 312? The opportunity is far from over!
4.9 Bitcoin (BTC) market analysis refers to the morning rebound of Bitcoin not breaking through the 81000 resistance, reaching a high near 80800 and facing pressure. Subsequently, the price fluctuated and fell below the 80000 mark, leading to another dip. Fortunately, the 76000 line was not breached, and the current price is running near 77000.
In the short term, looking at the hourly chart, the trend has begun to rebound, but the upward momentum is not strong, and the resistance above is slowly descending. The MACD is in the negative zone on both the 4-hour and 1-hour levels, and the fast and slow lines continue to decline. The RSI is in the 30-50 range on both the 4-hour and 1-hour levels, and the EMA7 has crossed down through EMA30 and EMA120 on both the 4-hour and 1-hour levels. If it does not break through the 80000 resistance line, there is a possibility for the trend to drop again.
Now many people feel that the cryptocurrency market is not doing well, but in fact, whether it is Bitcoin or other altcoins, the future opportunities to make money are far from over. Take Bitcoin as an example: during the bull market of 2021, the retracement exceeded 50%, while this time it has only dropped 28% from the high. Therefore, it is unnecessary to be overly pessimistic now; who knows, looking back in the future, this period might actually be a good opportunity to pick up chips at a low price.