$BTC

Bitcoin is currently in a clear downtrend from both the daily and weekly perspectives. From a technical standpoint, a head and shoulders pattern has emerged, and the moving average system is in a bearish arrangement, forming a strong bearish resonance that further reinforces the weak market structure. At the same time, trading volume has drastically shrunk, accompanied by a divergence between price and volume, indicating insufficient buying support and increased downside risk. However, some indicators on the hourly and four-hour charts show signs of intraday rebound, albeit with limited strength, so short-term traders may seize opportunities when appropriate.

Strategy: Pay attention to the 101765 level; if it stabilizes above it on the hourly chart, a rebound may occur, with resistance levels around 103000, 104175, and 105280. If it breaks down, the rebound will end, with support levels around 100700, 98900, and 97400.