Analyst: Bitcoin's historic breakthrough has not been confirmed, and it may face a decline of about 13%-24%

Katie Stockton, technical analyst and founder of Fairlead Strategies, pointed out that Bitcoin's failure to stay above $100,000 for more than a few days made the historic breakthrough " unconfirmed" and opened up a potential weak situation for Bitcoin in the short term. He said that the short-term bullish momentum is weak, and there is a new daily level counter-trend signal to support Bitcoin to consolidate in the next few weeks before continuing its upward trend. Two support levels that investors should pay attention to include the 20-day moving average of $97,233 as of Tuesday morning and the 50-day moving average of $85,342, which means that Bitcoin has the potential for about 13% downside. If the 50-day moving average also falls, Katie Stockton pointed out $73,800 as the next possible level for Bitcoin, which represents a potential downside of about 24%.