Bitcoin's price movement is less volatile and slightly weaker than Ethereum. On the 4-hour major timeframe, there is a certain uptrend, but the short-term is experiencing a contraction rebound with strong selling pressure and continuous upper shadows forming. Trading volume is low, and market participation is not strong. This price level is likely a retracement in the downtrend. The current trend is more inclined toward a second bottom test to form a double bottom pattern + continuation of the uptrend after bearish divergence#Gate13周年全球庆典
Bitcoin's price movement is less volatile and slightly weaker than Ethereum. On the 4-hour major timeframe, there is a certain uptrend, but the short-term is experiencing a contraction rebound with strong selling pressure and continuous upper shadows forming. Trading volume is low, and market participation is not strong. This price level is likely a retracement in the downtrend. The current trend is more inclined toward a second bottom test to form a double bottom pattern + continuation of the uptrend after bearish divergence#Gate13周年全球庆典