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Right now, it feels like everyone is fleeing the crypto circle and rushing into the US stock market.
One day, these people will come back from the US stocks and rush into the crypto circle again.
The daily chart trend is almost smoothing out, and if it can stabilize above the weekly upward trend, looking upward is not impossible.
The 4-hour level currently shows a very strong bullish trend, but it has encountered significant resistance at the 8-week level.
Six months ago, everyone was looking at 200,000, now they are looking at 40,000; could there be a surprise that it simply can't fall further?