Bitcoin has dropped again to #加密市场回调 ! Will 410 be the next 312? The opportunity is far from over!

4.9 Bitcoin (BTC) market analysis reference: Bitcoin's morning rebound did not break through the 81000 resistance, peaking near 80800 and facing pressure. Subsequently, the price fluctuated and fell below the 80000 mark, once again making a downward move. Fortunately, it did not drop below the 76000 line, and the current price is running near 77000.

In the short term, looking at the hourly chart, the trend has begun to rebound after a pullback, but the upward momentum is weak, and the resistance above is slowly moving down. 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 is crossing down through the EMA30 and EMA120 on both the 4-hour and 1-hour levels. If there is no breakthrough of the 80000 resistance, there is still a possibility for the trend to drop again.

Many people currently feel that the cryptocurrency market is not doing well, but in fact, whether it is Bitcoin or other altcoins, the opportunities to make money in the future are far from over. Taking Bitcoin as an example, during the bull market in 2021, the pullback exceeded 50%, while this time it has only dropped by 28% from the peak. Therefore, it is unnecessary to be overly pessimistic now; perhaps looking back in the future, this period will turn out to be a good opportunity to pick up chips at a low price.