The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Bitcoin, the cryptocurrency with the highest market value, has seen its upward momentum weaken after a sharp rise last Friday, and $10,000 will become a strong resistance level for Bitcoin.

According to the report, Bitcoin rose by $2,500 last Friday due to the strong support of China's top leaders for blockchain technology, but it has never been able to break through and stay above $10,000 again, indicating that there is strong resistance near this price. Historical price patterns show that many investors are still waiting for Bitcoin prices to break through this price to confirm the upward trend.

China's change in attitude towards the blockchain and crypto industries is a hot topic this week. This week, many regions and industries have introduced positive policies to support the development of the blockchain industry.

Guangzhou City issued the "Implementation Rules for Several Measures to Accelerate the Blockchain Industry to Lead the Change", encouraging the establishment of a 1 billion yuan blockchain industry fund to attract social funds to form a capital supply effect, provide enterprises with angel investment, equity investment, post-investment value-added and other multi-level services, and establish a "multi-base + large fund" distributed financial ecosystem.

The Shanghai headquarters of the central bank issued the "Guiding Opinions on Promoting the Development of Financial Technology and Supporting Shanghai in Building a Financial Technology Center". The opinions proposed to promote independent innovation and research and development of security technologies represented by cryptographic technology, quantum technology, and biometric technology. Vigorously support the research of underlying cryptographic technologies such as basic cryptographic technology and advanced cryptographic technology, and promote the application and development of cryptographic technology.

According to Bitpush data, as of press time, the price of Bitcoin has fallen back to around $9,200, and the recent trend is slightly weak. Thomas Lee, a well-known crypto analyst, said that there are multiple signals recently that the cryptocurrency market will turn bullish. In addition to China's support and the sharp rise last Friday, there are also new highs in the S&P 500 index and the bottoming of the Bitcoin Misery Index.

Shawn Cruz, trading strategy manager at TD Ameritrade, said that $10,000 has become a psychological barrier for investors. Because investors are constantly arguing whether it is an asset or a currency, it is difficult to value it.