2.2 Bitcoin Market Analysis and Bear Market Bottom Forecast

Looking at the chart in the short term, I've used this chart for a long time. The purple area at the bottom is the medium-to-long-term testing zone. Watch the resistance level around 83000-85000. If it fails to break through, close long positions and consider a reversal. The next period will be spent observing the resistance above and the support level in the purple area below. Whether there's a valid breakout or a false breakout will determine the specific operation. That's all for today. The above analysis is purely an estimate and for reference only! Suggestions are for reference only. Manage your risk carefully before entering the market. Profit and stop-loss levels are your own responsibility. Specific strategies will be based on real-time market conditions; please consult us. Alright, friends, see you next time! I wish you all the best and a bright future in the crypto world! More real-time suggestions will be sent internally. That concludes today's brief update. For more real-time suggestions, click on the profile picture and find Gege in the homepage introduction. Written by Gege, a trader willing to help you rise again.