The price of Bitcoin previously tested the lower Bollinger Band and gained support before initiating a weak rebound. However, the rebound strength was weak and failed to effectively break through the key resistance level at the middle Bollinger Band, causing the rebound to come to a halt. From the perspective of momentum indicators, the MACD continues to operate in the negative value range, and the green bars are showing a continuous expansion trend. This signal directly indicates that there is an extreme lack of upward momentum in the market, leaving the bulls with no power to resist. Overall, the price remains in a clear downward trend channel, and the previous brief rebound is merely a technical correction within the downward process. The medium-term bearish pattern has not undergone any substantial change, and the pressure for a trend decline remains significant. $BTC$ETH
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