The Bitcoin daily chart previously showed a long bearish candle, with two consecutive days of lower shadows testing the support below. The upper band of the Bollinger Bands has slightly risen, while the middle and lower bands have both weakened and pressed downward, indicating that the medium-term consolidation pattern remains unchanged!

The KDJ indicator's three lines are diverging downward and are at a low level, with no signs of a turnaround yet, suggesting that medium-term momentum is biased to the downside!

The MACD indicator's two lines have formed a death cross and continue to decline, with volume bars steadily increasing, indicating that the bearish force is still dominating the market!

Overall, the medium-term trend continues to be weak and oscillating. If the price stabilizes above the Bollinger lower band support and the indicators show a bullish divergence, a rebound and correction may be triggered!$BTC