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What does “承压回落” mean? (What does “承压下跌” mean?)

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What does \”承压回落\” mean? When the market is falling, it can cause prices to rise f

What does 承压回落 mean? (What does 承压下跌 mean?)

What does “承压回落” mean? When the market is falling, it can cause prices to rise further. This situation is usually referred to as “contraction”, which means prices start to decline, but if they do not fall below the key support level or break through the downward trend line, there will be a downward movement. Therefore, when the upward momentum weakens, there will be a situation of pressure and retracement.

Bitcoin’s trend from December 2017 to the end of February 2018 appeared to be going strong, but after more than a year, it did not experience significant gains or rapid adjustments, and it failed to stabilize after multiple pressure tests.

What does “承压下跌” mean?

Bitcoin’s price has been oscillating downward since April 18, hovering between $11,600 and $37,000-$35,000.

We know that BTC and ETH are both in an upward channel (see chart) for consolidation, but if BTC breaks through the upper support level of the triangle range, it will accelerate the decline and further fall below the downward trend line. If it fails to stabilize after a brief sideways consolidation, the subsequent upside potential will be greatly compressed, and “承压回落” is a good example of this.

According to CoinDesk’s data, as of the end of February, the total global cryptocurrency market value was $25.43 billion. Among them, USDT accounted for 2.75% of the total, ranking first; ETH accounted for 21.2%, ranking second; BCH accounted for 11.7% of the total, ranking third.

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