BTC：
First, looking at the Bollinger Bands, the price is weakly operating below the middle track and is oscillating close to the lower track. Although there is a technical rebound demand, breaking below the lower track may accelerate the decline. Additionally, the Bollinger Bands are narrowing, volatility is decreasing, and we need to be cautious about directional breakthroughs.
Next, looking at the indicators, the MACD shows a dominant bearish trend but the decline is slowing down. Both KDJ and RSI are close to the oversold zone, indicating a short-term need for correction. Trading volume has significantly shrunk, and the market's wait-and-see sentiment is at its peak; we need to wait for increased volume to confirm the direction.
On the funding side, there is a slight net inflow but the scale is limited, with large funds still testing the waters. The funding rate is neutral and somewhat low, and market sentiment is cautious. Macroeconomically, we need to pay attention to the US CPI and Federal Reserve dynamics, as a strengthening dollar may suppress rebounds.
Trading suggestion: Around 102500-103000 range,
Target at 101700, 101000. $BTC
