Coin World Report: Bitcoin (BTC) broke through the $70,000 mark again in the United States after the release of inflation data, but the trading volume exceeded the psychological threshold. Cryptocurrency expert Alan Santana stated that the recent price trend indicates that Bitcoin is in a stalemate when attempting to break through resistance, potentially signaling a strong bearish signal. Analysts pointed out that although the current price hovers around $70,000, it is still below the historical high, which may foreshadow a potential bearish trend. Santana believes that the weakening of challenging resistance will accelerate over time. If Bitcoin fails to break through the $70,000 mark, a strong bearish trend may emerge.

Market Analysis:

BTC: Looking at the 4-hour chart, the price continues to stay above the Bollinger Band midline, indicating a healthy trend.

On the daily chart, the price continues to stay above the moving average support, indicating a healthy overall trend.

In summary, the support level is at 70300, and the resistance level is at 70800.

ETH: Looking at the 4-hour chart, the price continues to oscillate near the Bollinger Band midline, with support at 3540 and resistance at 3580.

LTC: The price continues to stay below the Bollinger Band midline, indicating a weaker trend, with support at 94 and resistance at 100.

BCH: The price continues to stay below the Bollinger Band midline, indicating a weak trend, with support at 600 and resistance at 620.

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