📈【Bitcoin Market Trends】📉

According to Odaily Planet Daily, Rachael Lucas, a crypto analyst at BTC Markets, said that Bitcoin appears to be overbought on the daily chart, and after reaching a high of $66,498 last Friday, it began to fall back and the momentum weakened. Despite this, the long-term outlook for Bitcoin remains optimistic! 🚀

Ethereum also faces challenges. After breaking through the 50-day simple moving average last week, it lost momentum and fell 1.69% in the past 24 hours. It is currently trading at $2,626.

Investors are paying attention to the speech of Federal Reserve Chairman Powell and the US non-farm payrolls report this week. Lucas pointed out that Powell's remarks on inflation and interest rates may affect market sentiment, and any hawkish tone may exacerbate risk aversion and lead to a market decline. 📉