#BTC☀
《Market Decline — Current Trend Analysis》
The entire cryptocurrency market faced significant challenges yesterday, collapsing across the board, adding an unpleasant color to what was once a thriving market, causing the week's gains to vanish, and the market still needs to recover.
The position around 96000 is particularly critical, serving as the dividing line between bullish and bearish forces. Once it falls below, bears gain the upper hand, and the entire altcoin market is similarly affected, all sitting on support.
Everyone is waiting to see if Bitcoin can stabilize, making further plans. Resistance has already formed around the 98000 range, and market recovery will take time. Since it doesn’t seem favorable, there must be reasons for that.
Pay attention to tonight's ADP data and the number of unemployment claims, hoping for a significant positive development to turn the tide, allowing steadfast bulls to hold their heads high.