Recently, the price movement of Bitcoin has been eye-catching, but it has yet to stabilize above $3680. From a Technical Analysis perspective, this rise may just be a temporary pullback in the downtrend. It is noteworthy that the original support level has now turned into a resistance level, which is often one of the characteristics of a Bear Market.

Currently, $3680 has become a key price level. If Bitcoin cannot effectively break through and stabilize at this level, the market may face further fall risks, and a drop to around $3000 cannot be ruled out.

From a larger time frame, the previously formed central structure has been broken, which also brings more uncertainty to the market. Investors need to remain cautious when making decisions and closely monitor price movement and changes in trading volume.

Although the market may still be volatile in the short term, the long-term development prospects of Bitcoin as a digital asset are still worth paying attention to. Investors should develop suitable trading strategies based on their own risk tolerance and investment objectives.