$BTC

The overall trend of Bitcoin is still upward, and the weekly trend is also upward. However, the KDJ has formed a death cross, indicating that the bears are gaining strength. The daily trend is downward, and the RSI is at 30, indicating that there has been a lot of profit taking. Although this price level has support, if it cannot hold, the bears may exert further pressure, and Bitcoin still has considerable downward potential. Therefore, those looking to enter the market should be cautious and consider entering in batches.