BTC Weekly Market Commentary and Outlook:


1) Weekly level, after rebounding to around 88600 last week, it fell again. There is significant resistance above, and less resistance to the downside. This week is bearish;
2) On the daily level, there is a continuous oscillation downwards, and the support near 82K has failed;
4) On the four-hour level, both long and short volume is very weak, but the long volume has sharply decreased and is unable to resist.
Summary: The US stock market has entered a downward trend, which will drag Bitcoin down further, and 74.5K may be achieved.
BTC-3,02%
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