Recently, Bitcoin (BTC) has faced resistance at key levels, which can be seen as a short-term warning. Analyst “玩笑” noted in his latest report that there has been little change in the recent video. He emphasized that the short-term trend of Bitcoin may continue for several weeks or months. Despite the recent easing of the bearish trend in the past week, there has not been a confirmed reversal of the bullish trend.
Sharing his bearish view on the short-term trend of Bitcoin, 玩笑 pointed out that the rising trend of DXY (US Dollar Index) is a contributing factor. He believes that in a bearish trend, there are often small upward rebounds and range consolidation, just as there are rebounds in a bullish trend.
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玩笑 stated that breaking $60,000 could push Bitcoin down to the support area between $56,000 and $58,000. At the same time, the analyst expects the trading price to continue between $60,000 and $64,000 in the short term.
Despite this consolidation, he reiterated that Bitcoin is still in a short-term bearish trend until a confirmed bullish reversal signal appears.
