‼July 25 ‼

BTC Market Analysis + Today's Crypto News
1. US Stock Market Trend:
--Last night, the US stock market remained strong, not breaking the daily trend line, but today BTC is weakening and has broken through the support level.
2. #BTC Virtual Asset:
-- After the fluctuation, adjustments are made, and the convergence triangle pattern is broken: pay attention to the 12-hour trend line that has been broken. The small cycle is currently in a deteriorating 5-wave pattern on the 4-hour chart, where the 5th wave is the fastest deteriorating wave at the end of the trend. For the past two days, it's been stated that the 12-hour trend line serves as a support level; breaking it indicates weakness and a bearish outlook.
3. #PopularityETH:
--Currently focusing on whether there is an increase in divergence; if BTC falls and ETH rises, it indicates that the divergence is increasing.
4. Market #BTC current key support level: turning bearish
Current core interval reference:
• Upper resistance: Previous support has become a resistance level around 117000

The 12-hour trend has been broken, long positions should exit, waiting to see if there is a large bearish candlestick to confirm a break at the daily level. Tonight's opening of the US stock market will reveal the outcome - it is highly likely that the daily trendline will also be broken.