ChainCatcher news, according to Jinshi, Wolfe Research chart analyst Rob Ginsberg said: "The current situation in the entire cryptocurrency field is not optimistic. Bitcoin is still trapped in a downward channel and the price is gradually falling from the high in March. Although a short-term breakthrough will be very positive, we still respect this general trend. Bitcoin may return to the bottom of the range in the next few weeks, that is, the low point area of ​​50,000 US dollars.

Since peaking in March, Bitcoin's trend has been deteriorating, with a series of lows and lows. Unless this trend changes, whether it is a breakthrough or a more gradual reversal, we will continue to be bearish on Bitcoin's short- to medium-term price."