The 4-hour chart of Bitcoin has shown an increasingly obvious upward trend, like a lion ready to leap out of the bushes, aiming at the double top pattern of 73,000. Judging from the current trend, it seems to be aiming to hit 75,000, or even the 80,000 mark. But such a fierce momentum, without the continued support of the market, is probably only a flash in the pan and difficult to sustain.
At present, Bitcoin has stabilized and shown a rebound momentum. But this round, if it fails to successfully break through the new high, it is likely to continue to be in shock. Such shocks cannot be ended in the short term, and may last for a month or even longer. Although the Fed's interest rate cut is expected in the second half of the year, it seems that the market lacks the momentum for further growth. The so-called bull market may only be able to barely maintain the status quo. Once the support is lost, the market will either rise or fall.
The halving market is about to come to an end this month, and the market's reaction will be crucial. If the market remains indifferent, the future trend will become quite tricky. Without the stimulation of new highs, there may only be endless shocks or ruthless declines. Investors need to stay alert and be prepared to respond to market changes at any time.
I am Caishen, a veteran in the cryptocurrency circle, and I only speak the truth. Want to get started in the cryptocurrency circle quickly? Follow me, check my homepage, and I will provide you with real advice for free to help you move forward steadily and create brilliance together!
