Bitcoin weekly trend remains downward, watch for the $68,000 breakout and opportunities in oversold projects
According to ChainCatcher, Jack Yi stated that Bitcoin is still in a downward trend on the weekly chart, and in the short term, attention should be paid to whether it can effectively break through 68,000 US dollars.
He believes that only a strong move above 68,000 US dollars could lead to a more obvious reversal in the market; if the breakout fails, the price may retest the bottom, and there is a risk of falling below 47,000 US dollars.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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