#BTC $BTC

Recently, the price has been fluctuating near EMA(144), currently in a low-level correction phase, but still overall maintaining a downtrend. In the short term, although there are signs of a rebound, the bullish momentum is insufficient, and market sentiment remains bearish.

In the short term:

Based on short-term indicators (such as MA5, MA15, and MACD): The market has slight rebound potential, but the rebound space is limited, and attention must be paid to the breakthrough of the resistance level at 104556.3.

Medium to long-term trend (such as EMA144/169, Alligator): The market overall is still in a downtrend, even if it stabilizes in the short term, there are no significant bottom signals, and the probability of continuing adjustments is high.

Technical Analysis

K-line patterns: Recently, “Doji” and “Hammer” patterns appeared at the beginning of June and the end of May, suggesting possible rebound signals, while the “Three Black Crows” pattern (end of May) confirmed the strength of the downtrend.

Alligator: The three lines continue to align bearishly and diverge downward, indicating the market is in a strong bearish trend; recent rebounds may be a downward correction.

EMA: The price tests EMA144 support, with a short-term rebound but weak momentum, while the long-term moving average direction remains upward.

MACD: The DIF line is close to the DEA line, red bars are appearing but weak in strength, downward momentum is weakening but the trend has not yet reversed.

MA: The short and medium-long moving averages are sloping down and arranged in a bearish manner, with prices consistently below MA30 and MA60, indicating the market trend still leans bearish.

BOLL: The middle track is sloping down, showing pressure, and the lower track has support but the price rebound strength is insufficient, indicating an overall weak trend.

Pattern: Bullish Bat has broken down. Trend line has broken down. Strong support level at 103000 has been breached.

Trend: High probability of turning, leaning towards a bearish market!

Support: 98000

Resistance: 103000-104000