$BTC Market Analysis: Rebound Momentum Weakens, Bearish Trend Continues
The current trend has entered a rebound adjustment phase after experiencing downward pressure, but the upward recovery momentum has clearly diminished, leading to a lack of sustainability in the rebound. It is expected that further resistance will be faced, making it difficult to alter the weak pattern. From a four-hour perspective, the price quickly found a bottom and experienced a technical rebound; however, the recovery strength is limited and has not broken through key resistance levels, showing signs of fatigue in the rebound. At the same time, the three lines of the Bollinger Bands are expanding downward simultaneously, and the channel continues to narrow, indicating that the bearish trend still dominates, with the market continuing its bottom-seeking rhythm. Overall, the market lacks reversal signals, and the bearish forces are still being released. It is recommended to continue monitoring the support space below, be cautious of a new round of downward risks, treat the rebound with caution, and avoid blindly bottom-fishing. $ETH
