📉 $BTC (2025-05-24 07:45)|Long and Short Trend Index: 53 / 100 (Neutral Oscillation)
BTC has confirmed a break below key support on the short-term chart, and market sentiment has entered an adjustment phase. The short-term trend has retreated from the peak, and bullish momentum is fading.
🔹 15-minute chart: Prices continue to decline, with MACD and RSI both trending lower, showing no obvious bottoming structure; RSI has fallen below 25, dominated by weak oscillation;
🔹 1-hour chart: MACD death cross continues to expand, momentum bars turn green rapidly, and RSI dips below 29, indicating extreme short-term oversold conditions, but there are no signs of stabilization yet;
🔹 4-hour chart: First time breaking below MA25 and MA7 support bands, price drops below the lower edge of the rising channel, and MACD turns down, with bears in control;
🔹 Daily chart: A large bearish candle engulfs the previous rise, forming a top reversal structure, with volume significantly increasing, confirming a stage-top signal;
🔹 Weekly chart: The trend has not yet been broken, but the candlestick has temporarily deviated from the middle track support, necessitating caution against mid-term structural imbalance risks.
📊 Technical Indicator Observation:
(1) MACD multi-period turning down, forming a resonating death cross;
(2) RSI has entered the extreme oversold range in the short term, with insufficient rebound momentum;
(3) Volume has significantly increased, releasing short-term selling pressure;
(4) Bollinger Bands are widening, price has broken below the middle band, showing bearish divergence in the Bollinger Bands.
🌐 Brief Overview of Macro News:
(1) 🇺🇸 The U.S. Department of Homeland Security has issued new regulations limiting international students from staying in the U.S., triggering market risk-averse expectations;
(2) 🇺🇸 Trump has once again threatened to impose tariffs on Apple and the EU, raising expectations of trade friction;
(3) 📉 Latest data shows that U.S. Treasury yields have jumped in the short term, with the 10Y at 4.54%, the dollar index rebounding to 95.3, and gold slightly pulling back;
(4) 📊 On-chain data from the crypto market shows that net inflow of BTC to exchanges has increased, with a stronger willingness to take profits.