A new week begins, and the cryptocurrency market is stunned by the plummet of OM coin, creating a shocking start. The main players are playing tricks with their left hand and right hand, and this operation has set an example for other altcoins, leading to chaos.

Over the weekend, the price of Bitcoin was once driven up to 86,000, but the weekly closing was below 84,000. This false breakout is too obvious and quite misleading.

Currently, on the daily chart, Bitcoin is oscillating below the midpoint of the weekly chart, with a clear downtrend. If this continues, it is likely to break below the previous low this week or next.

Looking at Ethereum, it pretended to be strong in the early session, but experience tells us that every time it shows off, Bitcoin is sure to stir things up. After all, Bitcoin's dominant position cannot be shaken and will not be easily drained by Ethereum. We will see what happens next.