BTC Main Force Rhythm Update



Funds continue to withdraw from the crypto market and flow into the US stock market, further strengthening the bearish trend of BTC. From the weekly chart structure, the main force is most likely undergoing an ABCDE wave correction, with 49K potentially becoming the target level for this round of correction.

The biggest variable in the current market is the progress of the US-Iran peace agreement. The implementation of the agreement may trigger a short-term rebound, but it is unlikely to change the overall downward trend. As key defensive lines for the bulls are successively breached, the market has entered a bearish-dominated phase.
BTC-2.23%
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