Bitcoin is at a critical moment, with the two important resistance levels of 118800 and 119800 becoming the focus of the market. If it cannot break through these resistances, the market may continue its downward trend. Long-term sideways consolidation usually indicates an impending fall.
The current cryptocurrency market lacks sufficient positive factors to drive an overall increase. The Federal Reserve report has been released, and the expectations for interest rate cuts have not materialized, while the balance sheet reduction policy continues to be implemented. Although the implementation of
The current cryptocurrency market lacks sufficient positive factors to drive an overall increase. The Federal Reserve report has been released, and the expectations for interest rate cuts have not materialized, while the balance sheet reduction policy continues to be implemented. Although the implementation of
BTC0.61%