From the overall trend, the market has entered an adjustment phase after an initial rise, and bearish forces have shown strong performance recently. The price of Bitcoin has fallen below the middle band of the Bollinger Bands, moving towards the lower band, indicating a bearish sentiment in the short term. However, prices close to the lower band may trigger a rebound. In the future, attention can be focused on the price performance near the lower band of the Bollinger Bands. If the lower band is effectively broken, the price may further decline in search of new support; if the price finds support near the lower band and rebounds upwards, returning above the middle band, it may indicate a weakening of short-term bearish forces and a resurgence of bullish forces.