After a significant drop in Bitcoin, it continues to adjust with reduced volume. It has basically returned to a weak oscillation trend. Around 65000 can be a buying opportunity, while 75000 can be a selling point. In the short term, it should still experience narrow oscillation consolidation.
Bitcoin has been consolidating for 50 days, market fluctuations are becoming weaker, and currently, there are no signals for any rise or fall in the market.
$ALLO The washout has ended, a big explosion begins. Target above 1.0. At the same time, on Binance and OK Coinbase, it can't just end like this. After such a long washout, the dog stock definitely will rally.
On the 11.2 confirmation, Bitcoin has entered a bear market cycle, falling back to seventy thousand, which many people do not believe. It seems like it's not far away now. The downward trend has not yet ended. The FBI in the U.S. has seized over 100,000 bitcoins, which have shrunk by hundreds of billions in a month. ETFs are crazily unloading every night.
The market has entered the second stage of a deep bear market, with funds accelerating their exit. Going long and facing liquidation is just a matter of time. There are still 58 billion USD in ETFs that haven't fled. Now it's all about who can run faster. After two years of decline, bottom-fishing will eventually lead to death.