The BTC in the address of the Germany government has been out, and it is expected that Mentougou will also start paying again, and this week's CPI data is slightly positive, but it has failed to drive the market! There is still a 59000-55000 area adjustment in the medium-term price of Bitcoin, and the short-term good news is not enough to support the sharp rebound of the currency price. In addition, Bitcoin 2024, the world's largest Bitcoin conference, will be held in Nashville, Tennessee, from the 25th to the 27th. The Bitcoin 2024 conference promises to be a key event that has the potential to shape the future of Bitcoin and United States cryptocurrency.

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From the point of view of technical structure: the pressure of the M-top pattern of the weekly price is still very strong, after the downward fall below the neckline area last week, the rebound tested the pressure, but it has not stabilized above the current level, although the pressure is very strong, it cannot stabilize above 69000, which is not enough to say a reversal. The same is true for the daily level, although the rebound has repeatedly broken through the pressure of 59000~60000, and has fallen below the Vegas channel, it has also gone to the FAN bomb test, after the bottom-top conversion, the upper pressure is still very strong, and the moving average indicator is above the K-line, and the death fork is arranged. On the whole, the medium-term bearish trend is unchanged, and you only need to pay attention to the stabilization of the 59000 area, and the rebound can only be short if it touches this line.