$BTC 58000 is still an important resistance level!
Bitcoin failed to hit the resistance of $58,000 yesterday and was suppressed by short sellers due to lack of trading volume support. Market trends show that before a significant rise, it may first pull back to the CME gap near $54,000 and the lower boundary of the technical channel. The current trading volume is insufficient and the upward confidence is insufficient.
The short-term support of $56,500 may not last long. Unless there are surprises in the inflation data, the probability of this forecast is low. In the long term, the trend of Bitcoin remains unchanged. I predict prices may continue to fall heading into October.
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