Today, Bitcoin dropped over 3,000 points. This wave of decline has directly damaged the upward pattern of Bitcoin. Today, observe whether the daily chart can close above 935. As long as it can close above 935, the upward trend remains intact. If it cannot close above 935, it will either test the bottom again or consolidate sideways before moving in a small-range oscillation upward. Today, pay attention to the daily level of the bullish and bearish price at 935. As long as it stays above this level, the daily rebound trend is still valid. Moving upward, watch the resistance levels around 94500-95800-96800! If today’s daily close cannot surpass 935, it indicates that the small-level rebound after this wave of decline is not very strong. Watch for a retest of the support levels around 91800-90300-89300!

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On Sunday, both cryptocurrencies and stock index futures declined due to geopolitical tensions. Bitcoin fell 2.51% to $92,580.51, Ethereum dropped 2.79% to $3,211.73, and the total global cryptocurrency market capitalization shrank 1.26% to $3.23 trillion. Over $7.8 billion worth of cryptocurrencies were liquidated, with longs profiting $7.5 billion. Meanwhile, Dow Jones Industrial Average futures declined 341 points (0.69%), S&P 500 futures fell 0.80%, and Nasdaq 100 futures dropped 1.01%. Analyst Ali Martinez( believes that if Ethereum can hold above $3,085 and break through the resistance level at $3,400, its target price could reach $4,000.