In light of the upcoming monetary policy, Bitcoin no longer enjoys the public’s passion, as we see the weakness of the trading volume recently.

There are many risks to this financial product due to political conflicts in developed countries and the large financial conglomerates, except for the modern ones, which are concentrated in electronic mining against the classical conglomerates from the financial, industrial and agricultural sectors…

The technical opinion, as shown in the chart, forms successive lower peaks that indicate weakness. Following resistance and support this week is very important. If the resistance level at 60350 is breached, the blue scenario is the way to go

If the support at 58111 is broken, the red scenario is correct