Recently, the trend of Bitcoin ( $BTC ) has shown a weekly-level inclined triangle pattern, which may indicate that the current fifth wave rise at the weekly level is about to end. It is worth noting that the fluctuation range at the weekly level is gradually narrowing, and this phenomenon has attracted the attention of market participants.

If the price of Bitcoin falls below the support line, it may trigger a series of chain reactions. Some institutional investors holding large amounts of Bitcoin may be the first to sense the risk and choose to sell off early, which could further trigger market panic and lead to a sell-off stampede.

At the same time, Ethereum ( ETH ) has performed remarkably this year, becoming the new darling of the market. However, if Bitcoin experiences a significant drop, Ethereum will also find it difficult to stand alone and is likely to undergo a deep correction.

The current market situation seems to suggest that Bitcoin may be at a critical turning point. Investors need to closely follow market trends and weigh risks against opportunities. Although there may be fluctuations in the short term, the long-term development of the cryptocurrency market remains full of potential. Investors should stay rational and manage risks to cope with possible market fluctuations.