"Bitcoin (BTC) is showing weakness, down 11% for the week, while the S&P 500 index reaches new record highs. 📉 This is causing concern among investors, many of whom see this as an opportunity to buy altcoins. However, the question is whether Whether the fall is over or BTC will fall even lower remains open to question.

Bitfinex analysts suggest that Bitcoin may be close to forming a local minimum. However, if the price breaks $56.552, it could indicate a continuation of the negative trend.

At the same time, Ether (ETH), BNB, Solana (SOL), XRP and other cryptocurrencies are also under bearish pressure. All eyes are now on the cryptocurrency market."