2.3 Bitcoin Market Analysis:

The macroeconomic bearish pressure continues to ferment, and the crypto market remains weak, maintaining a low and sluggish consolidation pattern overall. Most cryptocurrencies are trapped in narrow fluctuations, with little elasticity in their movements; after experiencing a waterfall decline earlier, the market has entered a low-level sideways correction phase, with no signs of a strong rebound. The bearish trend remains firmly established, and prices are consistently under pressure below key moving averages. The rebound after the weekend's sharp drop was weak, and bullish momentum has already been exhausted. This rebound is merely a correction in a weak market, and there are still downside risks ahead.

On the daily chart, the bearish arrangement is clear. After losing key support, prices continue to hover at low levels, with the moving average system forming downward pressure across the board. The MACD green histogram momentum has not diminished, indicating a market dominated by bears. The rebound after the weekend's plunge was halted at a critical resistance level, with volume still shrinking. The willingness of bulls to continue is insufficient, and the weak rebound confirms the current bearish pattern. The short-term downtrend is unlikely to reverse, and the rebound is a good opportunity to position for shorting.
Recommended around 79,000-79,500, with a target near 78,000-77,000. #BTC何时反弹？ #Strategy比特币持仓转为亏损 #白宫加密会议