Around 8:30 this evening, Bitcoin once again tested the $49,000 support level. This is a good time to buy the bottom, and it is expected to rebound at least until August 8. Those who do not seize this opportunity to buy the bottom will regret it.

Today's cryptocurrency market has fallen more than the Japanese stock market, especially Bitcoin and Ethereum. Globally, Bitcoin and Ethereum have fallen the most. As for altcoins, many have been cut in half, and the situation is even worse.

In addition, the decline in the Japanese stock market is close to 20 points. If the decline continues, the Japanese and Korean stock markets may collapse, which will also have a significant impact on the US market. Therefore, measures must be taken to stabilize the market.