On the whole, from the perspective of the larger picture, the current downward momentum is gradually slowing. The chart shows a series of consecutive small real-bodied candles forming as the decline is stabilized, with a clear increase in long lower wicks. The sell pressure at dawn has essentially been cleared, and the market has officially entered a phase of stabilizing after the fall and grinding out a base. On the one-hour timeframe, the Bollinger Bands are squeezed to the extreme; price has fallen back to trade within the middle-to-lower band range. BTC has repeatedly tested the lower band and then quickly reclaimed it, indicating that a short-term oversold rebound repair move has already started.