These days, Bitcoin has been continuously declining, and the given support levels are also perfect for profit-taking. Today, the resistance level has broken new highs, climbing all the way to around 6.3. On the 1-hour chart, the price is mostly in a consolidation phase, with resistance at the moving average, and the resistance level is being suppressed by the downward pressure. The MACD has formed a death cross below the zero line, the momentum bars are gradually turning green, Bollinger bands are opening up, and the price is moving along the Bollinger bands, making it difficult to stabilize in the short term. On the 4-hour chart, the MACD momentum bars continue to shrink, with the price moving along the moving average, showing clear resistance. In the short term, the bulls still have the upper hand.