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Analysis: Bitcoin has fallen for the fifth consecutive month, with the $70,000 level becoming a key resistance point
According to Cointelegraph, Bitcoin's price is facing resistance at the $70,000 level and is currently fluctuating around $67,000. The technical analysis shows that BTC is simultaneously facing triple weekly resistance: the 200-week EMA (approximately $68,330), the historical high of $69,000 from 2021, and the psychological level of $70,000, limiting short-term rebound potential.
Analysts believe that if the weekly candle can effectively close above the 200-week EMA, bulls may regain momentum and test the $80,000 area. Another viewpoint suggests that if the price breaks above $74,500 (the cost range for holding over 18-24 months), it could be seen as an important signal for the end of the bear market.
Historical data shows that after a continuous five-month decline in 2018-2019, BTC subsequently experienced five consecutive bullish months with over a 300% increase. If the cycle repeats, the potential reversal window may point to April.
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WEEX P2P update: Country/region restrictions for ad posting
To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.
I. Overview
When publishing P2P ads, advertisers can now set the following:
Allow only counterparties from selected countries or regions to trade with your ads.
With this feature, you can:
Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.
II. Applicable scenarios
The following are some common scenarios:
Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.
III. How to get started
On the ad posting page, find "Trading requirements":
Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.
When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:
If you encounter this issue when placing an order as a regular user, try the following solutions.
Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.
IV. Benefits
Compared with ads without country/region restrictions, this feature provides the following improvements.
Aspect
Improvement
Trading security
Reduces abnormal orders and fraud risk
Conversion efficiency
Matches ads with more relevant users
Order completion rate
Reduces failures caused by incompatible payment methods
V. FAQ
Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.
Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.
Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.
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