BTC is currently in a conflicting signal phase.

On the short term, bearish momentum is gradually fading, and there's a technical rebound demand, but the actual price action is showing a narrow range with low volume, which is usually a sign of an impending trend change.

Today, keep an eye on the 4H close; if we see a volume breakout above 62858, that would confirm an initial reversal signal, potentially leading to a bounce.

For mid-term stability, we need the daily close to be above 63086 with volume.

From my subjective view on the weekly chart, I believe the bearish market isn't over yet, but short-term fluctuations and rebounds are normal. On a larger time frame, as long as BTC can't break out with volume above 68000, we can't call the bearish trend finished.

#USCPISurgesToThreeYearHighOf4.2% $BTC $ETH