The reason why Bitcoin has been falling recently.
1. In the past month, whales sold more than 400,000 Bitcoins.
2. Powell's previous remarks were hawkish, stating that there might not be a rate cut in December.
3. The entire stock market has been falling these days, with US stocks, European stocks, and Japanese and Korean stocks all in decline.
4. Bitcoin spot ETF has fallen for 5 consecutive days, with a net outflow of over 1.5 billion dollars.

From the weekly level, Bitcoin shows a candlestick top divergence adjustment, with two consecutive weeks of bearish belt hold decline. The pullback is about to reach the MA60 support level, which is the last line of defense in the short term. If it falls below 9800, the market will break down, and the bull run is likely to end, leading to a deeper decline. Only by holding the MA60 can there be a glimmer of hope for the market to slowly bounce back and recover lost ground. The market has reached a watershed position, and I hope it can hold #比特币 #BTC .

From the weekly level of Ethereum, the recent Candlestick has been fluctuating downward, creating a range, and the pullback is close to the previous low of 3400. However, there is support from the MA30 moving average below, which constitutes a double support level, so the probability of a direct fall below is relatively small. If it can hold above 3400 in the short term, it will welcome a rebound to challenge the 4000 resistance level. Hope it can hold #ETH .