12.30 Monday Market Overview

$BTC Bitcoin closed this morning with a bearish candle, and the weekly candle formed an inverted hammer. This week's market is expected to continue the main trend of a downward fluctuation.

The 1H Bitcoin continues to fluctuate back and forth along the resistance line, the chart remains the same as yesterday's, perfectly predicting that Bitcoin will continue to retrace to the resistance line; based on the current trend, Bitcoin might still resonate with both the resistance line and support to touch the 92520 position for the third time, completing a triple bottom; intraday support looks at 93209 92575 pressure 94050 94693.

The 4H Bitcoin trend is very clear, mainly fluctuating downward; according to the current trend, Bitcoin might complete a deep sea crab pattern, predicting that point D will complete in the range of 87919-85805; that would be a very bad and scary scenario, deep washing, and the altcoins will be a sight to behold, really a battlefield of corpses! If Bitcoin breaks below 85K, that would signal the end of this bull cycle and the start of a bear market; the crypto market urgently needs some good news to break the ice, and next, we will see how Wall Street's institutions and capital perform.

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