Yesterday, after indicating that Bitcoin's rise was weak, Bitcoin experienced a significant drop in volume, falling below the short-term trend line mentioned yesterday, reaching a low of 117,000.

From the volume-price relationship, the trading volume during yesterday's decline was significantly greater than the trading volume during the previous day's increase, and the candlestick patterns over the past two days formed a bearish engulfing pattern, indicating that selling pressure is clearly stronger than buying pressure.

This means that the upward trend since August 3 has ended, and we have now entered a downward trend.

However, a rebound is expected in the short term, and there is hope for a retest of the short-term trend line.