Analysis: Bitcoin's support level around $83000 is not stable, and we need to be cautious about the trend reaction after a dip

BlockBeats news, on April 20th, according to Cointelegraph, although Bitcoin's overall volatility was relatively small over the weekend, efforts were still made to curb the downward trend this week. Analyst Mark Cullen said, 'Although market liquidity still points towards $90000, I believe the support level of $83000 is' not safe', and the lows of last Sunday and Wednesday may be retraced. We need to pay attention to the subsequent reactions and whether we can rebuild a bullish structure at the lower edge of the range. '.