One of the factors blocking BTC's rebound is that the recent US stock market performance has been too poor. Both the 4-hour and daily timeframes are in a pullback trend. The S&P 500 index needs to reclaim the 6800 level to end the daily-level pullback. Otherwise, BTC may find it difficult to make a strong breakthrough above the $76,300 resistance level in the short term and move towards $80,000-$82,000. $BTC #SPX
One of the factors blocking BTC's rebound is that the recent US stock market performance has been too poor. Both the 4-hour and daily timeframes are in a pullback trend. The S&P 500 index needs to reclaim the 6800 level to end the daily-level pullback. Otherwise, BTC may find it difficult to make a strong breakthrough above the $76,300 resistance level in the short term and move towards $80,000-$82,000. $BTC #SPX