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#BTC Main momentum update
The Trump family crypto mining firm ABTC has plunged 95% from its historical high. The market is worried that its over 8,000 BTC holdings may face potential sell pressure, and bearish sentiment is temporarily suppressing Bitcoin’s price action.
Structurally, the rebound of the lower-level 3rd wave failed to continue; the bulls’ breakout attempt was unsuccessful. The market has returned to the lower-level 2nd wave correction, and in the short term it is likely to maintain a wide-range rectangular consolidation pattern. Bitcoin is likely to retest the 61.3K key support zone again. Focus on the strength of fund buy support at that level.