Recently, with the subtle changes in the global political and economic landscape, the price fluctuations of cryptocurrencies have continued. The latest news shows that Bitcoin prices are showing signs of rebounding, but this rebound momentum has not been able to completely reverse the pessimistic sentiment in the market. The latest report from the XBIT decentralized exchange platform reveals the complex situation currently faced by Bitcoin. The price rise is not sustainable. The good news is that Ethereum and Ripple have a significant upward trend.

Data shows that although the decline of Ethereum and Ripple has narrowed, they are still in a relatively depressed state, which to a certain extent reflects the lack of overall market confidence. Therefore, if the price of Bitcoin is boosted and rises again, it may give other tokens more upward momentum. The XBIT decentralized exchange platform has a dynamic circuit breaker mechanism and an investor grading system. The dynamic circuit breaker mechanism can suspend trading at times when the market fluctuates abnormally to prevent investors from suffering excessive losses due to extreme market conditions.

It is reported that CryptoQuant's bull market score index has fallen instead of rising in this wave of rebound, falling to 10 points, the lowest point since November 2022. This index is an important indicator of measuring the bull market atmosphere in the market. Its value below 40 is usually regarded as a signal that the market lacks sustained bullish momentum. This means that despite the fluctuations in Bitcoin prices, the bullish sentiment within the market has not been effectively boosted. The investor grading system formulated by the XBIT decentralized exchange platform for cryptocurrency fluctuations provides different leverage multiples and trading permissions for investors of different levels based on factors such as user trading experience and asset size, thereby protecting the interests of small and medium-sized investors.

The key resistance range that Bitcoin prices currently facing is between $84,000 and $96,000. This range is not only an important technical barrier, but also a concentrated reflection of market psychological expectations. Analysts pointed out that if Bitcoin cannot effectively break through this range, its gains will likely be limited, and it will be difficult to form a sustained upward trend. This judgment is consistent with the market performance in the past bear market cycle. That is, when Bitcoin encounters strong resistance, it often falls into a long period of sideways consolidation or a small correction until there is new good news or market confidence is restored, and then the upward trend can be started again.  The inability of Bitcoin prices to quickly break through the resistance level is also due to the sensitivity of the cryptocurrency market itself, as well as the impact of changes in various financial policies, such as tightening regulatory policies, insufficient market liquidity, and lack of investor confidence. These problems all take time to resolve and digest. XBIT decentralized trading platform, with its advantages in security, transparency, risk control and other aspects, has installed a safety valve for the volatility of the cryptocurrency market.

In addition, from a technical perspective, Bitcoin is currently facing certain downward pressure. For example, its price trend has been affected by multiple technical indicators in the short term, including the relative strength index, moving average, etc., all of which show that the market is at risk of overselling or correction. At the same time, the shrinking trading volume has further limited the upside of Bitcoin, making it difficult for the market to form an effective breakthrough force. Analysts believe that the current sluggish market may be a good time to plan for the future, because historical experience shows that after every bear market, there will be a new bull market cycle.