$BTC Looking at the current chart structure, after the daily line formed three consecutive bearish candles, the price is currently consolidating around the mid-band area, which is a typical adjustment rhythm since the decline began. Today's K-line presents a cross star with a long upper shadow, indicating significant resistance encountered during the rebound process. Although the overall trend remains within an uptrend channel, the pullback has not confirmed a halt to the decline, and there is still potential for further downside exploration.
From an indicator perspective, the MACD dual lines maintain a sticky state above the zero axis. If a death cross forms subsequently, it may drive a new round of adjustment trends. Currently, no obvious bottom divergence signals have appeared, suggesting that bearish momentum has not been fully released, and the adjustment likely remains incomplete. Under this structure, continuing to monitor the testing situation in the lower support zone represents a more reasonable approach.
From a four-hour perspective, although there was a rebound intraday, it more so belongs to consolidation and correction within the previous downtrend structure, exhibiting typical characteristics of top-to-bottom conversion. The current chart remains pressured by the adjustment structure, and the short-term bottom support at 69000 needs close attention. Should this level be tested again or broken below, it would indicate that the adjustment wave pattern will extend further.
Overall, the current chart has not yet shown clear reversal signals, with rebounds reflecting more correction rather than trend reversal. Before the downtrend adjustment structure is broken, the approach should continue to maintain a range-bound outlook and wait for further clarity in the terminal structure.#Gate13周年全球庆典
$BTC Looking at the current chart structure, after the daily line formed three consecutive bearish candles, the price is currently consolidating around the mid-band area, which is a typical adjustment rhythm since the decline began. Today's K-line presents a cross star with a long upper shadow, indicating significant resistance encountered during the rebound process. Although the overall trend remains within an uptrend channel, the pullback has not confirmed a halt to the decline, and there is still potential for further downside exploration.
From an indicator perspective, the MACD dual lines maintain a sticky state above the zero axis. If a death cross forms subsequently, it may drive a new round of adjustment trends. Currently, no obvious bottom divergence signals have appeared, suggesting that bearish momentum has not been fully released, and the adjustment likely remains incomplete. Under this structure, continuing to monitor the testing situation in the lower support zone represents a more reasonable approach.
From a four-hour perspective, although there was a rebound intraday, it more so belongs to consolidation and correction within the previous downtrend structure, exhibiting typical characteristics of top-to-bottom conversion. The current chart remains pressured by the adjustment structure, and the short-term bottom support at 69000 needs close attention. Should this level be tested again or broken below, it would indicate that the adjustment wave pattern will extend further.
Overall, the current chart has not yet shown clear reversal signals, with rebounds reflecting more correction rather than trend reversal. Before the downtrend adjustment structure is broken, the approach should continue to maintain a range-bound outlook and wait for further clarity in the terminal structure.#Gate13周年全球庆典