BTC is currently trending down around $82.63K (down 7% in 24 hours), but many traders are still waiting for it to break above 98xxx to take profits at the beginning of the week. The common strategy is that if the price cannot break above 98xxx, it is highly likely to continue decreasing to the 8xxx range in the coming days. Therefore, this week will be a turning point to determine the next trend - whether BTC will continue to rise or stabilize at a lower level.
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BTC is currently trending down around $82.63K (down 7% in 24 hours), but many traders are still waiting for it to break above 98xxx to take profits at the beginning of the week. The common strategy is that if the price cannot break above 98xxx, it is highly likely to continue decreasing to the 8xxx range in the coming days. Therefore, this week will be a turning point to determine the next trend - whether BTC will continue to rise or stabilize at a lower level.