I've been hearing a lot of people singing about the Bear Market these past two days. When the prices started to rise last week, they all said the bull is here, typical of being fence sitters. Overall, last week was looking down, but I didn't expect it to drop this much. Personally, I believe the price hit the bottom yesterday. The prices will still rise in the future, and returning to 85 shouldn't be a big issue.

In terms of technical analysis, looking at the weekly chart, after testing the bottom on Saturday, the Bollinger Bands have probed the lower band and may currently be forming support above 80,000. On the four-hour MACD level, the red bar is shrinking while the green bar is increasing below the zero line. If it continues to move sideways, it is expected to form a golden cross. Bullish signals are strengthening, and a rebound is expected in the short term.
Operation suggestion for Bitcoin: Around 82700, go north.
Target: 85000 #BTC# #ETH#

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