BTC is currently in a weak consolidation zone after breaking down from a high level, with the daily chart showing a phased weakening of the bullish trend. In the short term, the market is dominated by a bearish trend, with prices consolidating at low levels to digest selling pressure. The rebound strength is very weak, indicating a weak correction after a sharp decline rather than a reversal signal.



1. Daily Cycle

• Moving Average Structure: The price has broken below the MA20 and MA30 short-term moving averages, with the moving averages turning downward to form a bearish alignment. The long-term moving averages remain upward, and the mid-term major trend has not been completely damaged, but the short-term downward pressure is clear.
BTC-1.17%
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