Market sentiment is deteriorating. Strategy (formerly MicroStrategy) sold a small amount of BTC, raising concerns about whether companies will continue to reduce their holdings, which has intensified panic.

From a technical perspective, the June monthly candlestick formed almost a long-bodied bearish candle (Marubozu), indicating that bears almost completely dominated the market throughout the month. This type of monthly candlestick pattern is relatively rare and usually indicates that the market trend remains weak. In the short term, it is necessary to observe whether it can re-establish a foothold above key resistance levels; otherwise, there is still a risk of continued downside.
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