$BTC
The current market trend and technical indicators for the large pancake show a certain bearish momentum. In the current market structure, bearish forces still dominate, and the price movement aligns with bearish expectations.
Further observation of the hourly chart provides a clearer insight into subtle market changes. From the hourly chart, bearish forces are slowly strengthening, with short-term moving averages turning downwards, forming a death cross with long-term moving averages. Additionally, the green bars of the MACD indicator continue to expand, while the KDJ indicator further diverges downwards near the oversold area. All these technical signals strongly suggest that bearish forces are continuously accumulating.
