#目前行情震荡下行，牛还在吗？ After a sharp fall last Friday, Bitcoin entered a two-day consolidation with a small rebound. On the technical side, the daily 7-day moving average resistance level at 61800 was tested twice but failed both times. Overall, the trend is still weak. The altcoin market will only see a rebound opportunity if it breaks through and stabilizes above 63000. The short-term market sentiment is still bearish, with resistance at 61800 and support at 60000. As of today, BTC has been oscillating at high levels for nearly two months, causing many people to lose confidence in it. Will Bitcoin rise or fall next? In my opinion, the pessimistic market sentiment is actually a good thing. The market always develops in the midst of divergent views. Without those bearish individuals, how can market makers accumulate? If market makers can't accumulate chips, they can't control the market, and BTC cannot rise or break through. The current market is typical in grinding retail investors away, indicating a bearish structure, but without a big dump or strength, it will last for at least another month. This shows that even large investors are cautious in the current market uncertainty.

This round of the market has presented many new trends. The emergence of ETFs has reduced the volatility of the entire crypto world. If it were 2021, altcoins would have slumped three times with the same indicators, and Bitcoin would have fallen to 50,000. But now altcoins have only slumped once, and Bitcoin remains at 60,000. Therefore, I firmly believe that BTC will continue to rise, even launching a strong attack towards 65k, forming a big bullish candlestick! Whether you are in a short position or a full position, no matter what cryptocurrency you hold, please continue to hold your coins without wavering. Only by enduring loneliness can you hold onto prosperity. Summary: After a big fall last Friday, we entered a two-day consolidation period with low trading volume and a slight rebound. From a technical perspective, the daily moving average resistance level at 61,800 has been tested twice and failed. The overall trend is still weak. The altcoin market will only see a rebound opportunity if it breaks through and stabilizes above 63,000. Intraday sentiment is still bearish, with resistance at 61,800 and support at 60,000. The market continues to be sluggish and has not yet broken out of the downtrend. Be patient and wait for more unfavorable information in the future. The whipsawing continues, and the best time to catch the bottom is when there is more negative news. Secondly, why were previous bull runs so strong, while the current bull market is generally lackluster? First, the previous crypto world market was relatively small, and people were relatively concentrated in choosing cryptocurrencies. Therefore, once a cryptocurrency was favored by the market, its price could quickly soar. However, the market has now become very large, and various coins are emerging, leading to a diversified selection. This has resulted in the dispersion of market funds, making it difficult to form a large-scale upward trend. Secondly, the circulating market capitalization of many mainstream cryptocurrencies is already very large. In the past, a small amount of capital could bring about a large increase, but now it takes much more to achieve the same effect. Success is not just luck. Choice is greater than effort, and your circle determines your destiny. In the crypto world, besides having the foresight to save time and ride the trend, you also need to follow a good team and a good leader. By paying attention to me, you are already halfway to success in the crypto world!