$BTC

From the 1-hour chart, the MACD golden cross momentum is fading as the increment declines. After the price touched the 59,000 level, there is a clear gap in bullish buy-side orders. In the 4-hour Bollinger Band, the middle track at 59,700 has become a resistance zone, with bearish pending orders concentrated around 58,950-59,000. The bid-ask depth ratio is 0.32, indicating weak support from buy-side orders. Yesterday’s drop came with expanded volume; this rebound’s volume continues to contract, and the bulls lack momentum for a counterattack.

BTC: Set up around 59,500 - 59,800, stop loss at 60,500, target 58,500-58,000; if it breaks the level, continue to hold.