Today’s pie price trend seems to have entered a stage full of fog.

Sometimes it fluctuates and falls, and sometimes it stays sideways, like an unfinished ink painting, which is unpredictable. Although the trading volume is slightly sluggish, there is still a group of persistent retail investors trading silently. Their persistence and belief seem to have become the weak pulse of this market.

This kind of ink-stained decline always seems to be teetering on the edge of collapse, and it has never succeeded in igniting the enthusiasm of Bitcoin traders for bargain hunting. However, this stalemate has provided a respite for the copycat market, which has begun to gradually relax its vigilance and show its long-lost vitality.

According to Mr. Ni’s in-depth data analysis, it is not difficult to find that from yesterday to the present, the buying and holding behavior of small-scale investors has become a new normal in the market. This seems to be the natural evolution of the market, but if you look closely, it seems more like there is an invisible force secretly guiding it.

I once predicted that the Bitcoin ecosystem may become an important theme of this bull market. This is not because of how powerful its malleability or narrative capabilities are, but because capital urgently needs to promote the development of the Bitcoin ecosystem. After all, the ecosystem of Bitcoin is not only related to the profits of miners, but also to the future pattern of the entire market.

Once Bitcoin is halved and production capacity is reduced, miners will need higher transaction fees to make up for their losses. At the same time, the control of Bitcoin has gradually shifted to the hands of the United States and American capital, which also means that the future pricing power of Bitcoin will be in the hands of the party with the largest chips.

And having pricing power means having capital control. Through various pledges and Bitcoin ecological projects, activating Bitcoin users, increasing the number of currency holding addresses, and attracting more funds to flow into the Bitcoin ecosystem is undoubtedly an important direction in the future.

In order to promote this process, Bitcoin ecological projects have sprung up, and they have offered attractive benefits to attract the attention of retail investors. This approach of spending money first to build momentum has indeed made many retail investors excited and willing to buy some Bitcoin to participate in various activities. This is why small-scale investors and retail investors are buying Bitcoin in large quantities.

However, the current trend of Bitcoin still seems a bit dull and weak. It seems to be stuck in an inescapable quagmire, rising weakly and falling slowly and heavily. In the short term, we face two major resistance levels: 4-hour resistance at 65,000 and daily resistance at 67,900. Only when Bitcoin stands firm in these two positions can we say that it has returned to the safe zone from the daily level, and the risk of short-term decline will also be greatly reduced.

However, the current market rebound is weak and the market seems to be in a stalemate. It is expected that it will be difficult for Bitcoin price to make a big breakthrough during the weekend. However, it should be noted that both the 1-hour and 4-hour Bollinger Bands are in the contraction stage, and the risk of short-term market fluctuations cannot be ignored. Especially in terms of 4 hours, the breakthrough after the Bollinger Bands close may not be clear until next Monday.

Facing such a market situation, we need to remain patient and calm. After all, this market still needs to struggle in the ink for some time. But please believe that as long as we maintain faith and patience, the dawn of the future will eventually come. #BTC #ETH