I believe everyone felt the recent wave of decline; the brief collapse led to panic selling. The short-term EMA of Bitcoin has formed a death cross and is currently running below the moving average, indicating a weak trend.

The short-term EMA7 has been broken, indicating that short-term momentum is beginning to weaken. From a technical perspective, the top at 4957 has started to retreat, forming a small double top pattern, with recent pullbacks showing reduced volume.