Bulls made three attempts to push the market back into the bullish pressure zone, but each impulse faded quickly: the index failed to hold higher, while price remained around $65K without follow-through.

Pressure is now back on the sellers’ side the Pressure Index has dropped to 32.4%, meaning the market is in bearish pressure territory and close to strong bearish pressure.
Until the index returns above the 45-55% zone, this looks more like a failed attempt by bulls to regain control.