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$BTC Morning Bitcoin Analysis
After this round of upward movement, the market's bullish momentum has been completely exhausted, and the overall pattern has fully switched to a bearish-dominated structure. The recent minor rebound is merely emotional repair after the decline and lacks the momentum to reverse the broader downtrend.
During the rebound, a clear lack of buying power is evident, with a surge in selling pressure at any slight upward movement. The pattern of resistance and pullback is very distinct, with multiple timeframes resonating downward, making it difficult to change the weak structure in the short term.
Trading Idea
Short near 59500, target 57500