$BTC Daily level shows a three consecutive bearish pattern, which has clearly opened up downward space, marking the formal start of a phased pullback trend. During the pullback process, technical repair adjustments are a normal trend, and the current market is in line with this characteristic. The MACD indicator shows that the top divergence structure continues to be effective, with bearish sentiment dominating the market. The volume level is reflected in the continuous expansion of bearish bars, indicating that downward momentum is still being released.