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Bitcoin has been continuing its upward trend on a monthly basis lately, but something strange is happening. It seems that the consecutive losing streak is still ongoing, and in the short term, it appears to be a pretty tough situation.
Looking at the latest data, BTC is trading around 73.96K, with a slight decrease of 0.36% over the past 24 hours. The circulating market cap exceeds 1.48 trillion dollars, so the overall market size remains solid, but I'm curious about how long the daily losing streak will continue.
Since the monthly trend is still upward, I think the long-term outlook isn't bad, but there is quite a bit of short-term volatility. How this balance shifts will depend on future movements.