BTC briefly pierced the previous low and quickly recovered,

but the upward momentum is weak and the volume is far less than the decline phase.
For now, it cannot be confirmed that the market has stabilized.
There is no effective volume-driven upward signal on the chart.
The small timeframes also lack consecutive large bullish candles,
indicating that there is no real institutional support below.
The core conditions for a bottoming and reversal are completely unmet.
The weekly trend on the larger timeframe remains in a downward trend.
In the new monthly cycle, the market is generally biased towards decline.
Past rebounds have had extremely poor sustainability.
The bearish-dominated pattern has not changed.
Current contract funding rates are relatively high.
Retail long positions are crowded, and spot funds are all on the sidelines.
There is no active buying support.
The structure does not support a direct large rally at all. $BTC