Last night, Bitcoin encountered resistance when trying to break through the 62,500 pressure level, showing a weak trend, which naturally makes people alert whether Bitcoin will face a new round of decline? At present, Bitcoin is hovering above 61,000, and if this key position is lost, it may trigger a deeper correction.

From the perspective of technical analysis, Bitcoin seems to be powerless when trying to attack the 62,200 to 62,500 area. Not only did the market fail to stand above 62,000, but it also fell below the 100-hour simple moving average. Many people in the market believe that unless Bitcoin can stand firm in the 62,000 pressure zone and have the opportunity to continue to test upward, the price may continue to be under pressure. At present, it is in a sensitive period, and any disturbance may cause tension among market participants. Looking at the risk aspect, although Bitcoin has hit a high of 62,465 since its rebound from the low of 58,448, the subsequent correction shows that the pressure from above is heavy. The market has now fallen below 62,000 and is below the 23.6% Fibonacci retracement level, which is based on the measurement of the aforementioned low to high. This technical pattern is often seen as a signal that the market may weaken further. If Bitcoin cannot effectively break through the 62,500 pressure zone, it may indicate more room for decline. Initial support can be referenced around 60,500, while stronger support is located at the psychological level of 60,000. Once these key supports are broken, the market may further test the support strength of 59,500 or even 58,500. From the technical indicators, the MACD is accelerating towards the bearish zone, and the RSI has also fallen below the midline level of 50. These signals all suggest that the market is weak in the short term. #币安合约锦标赛 #Blast空投 #MegadropLista $BTC $ETH $BNB