$BTC

Short-term moving averages across all timeframes are turning downward, forming a bearish alignment. The original bullish support has completely broken down, and the downward trend is confirmed. The price is moving tightly along the lower Bollinger Band, indicating extreme weakness. Support below is thin, and there is still room for further decline.

After an overnight sell-off with increased volume, morning volume remains low, with insufficient long-side capital entering the market. Only a weak, short-term bounce is occurring, with weak momentum and no reversal strength.

The price faces layered resistance from both short-term and mid-term moving averages above. Combined with a low-volume rebound, the rally has very poor sustainability and is highly prone to retreat under pressure. The MACD continues its bearish structure, with the green bars expanding, reinforcing the bearish trend.

BTC: Short in the 62,500–63,000 range, target 61,800–61,500.