Back to the market, BTC plummeted to near $31,000 yesterday. Although it rebounded back to $33,000 today, the resistance at the key position of $35,000 will be very strong. We have not seen any signs of breaking through $35,000 and stabilizing and reversing the trend in the short term. The current price is around $31,600.
It fell from $40,000 to around $30,000 and fell by 25% in 7 days. There may be a small rebound in the intraday, but the rebound is not a reversal. In the future, BTC has a high probability of breaking through $30,000. In theory, there is a possibility of a breakdown of $20,000.
Resistance levels to see: $35,000, support levels to see: $30,000.
DISCLAIMER: The analysis of cryptocurrencies in real-time should be taken for informational purposes only, and in no case should it be taken as an investment signal. Every investment and trading move involves risk. You should conduct your own research when making a decision.