According to Cointelegraph, the volatility of Bitcoin has fallen sharply in the past month, which has formed a very clear technical form, with a support of $9000 and a resistance of $11,000. Normally, when volatility falls to a low level, the price may break out. In addition, the bit hash rate has continued to hit a record high. Given Bitcoin's network health and increased interest in institutional participation, whether through Bakkt, CME or over-the-counter market activity, Bitcoin has long been in the ascending channel. However, short-term traders still need to be cautious. Of course, Bitcoin also has issues such as scalability and privacy.