Currently, the price of Bitcoin (BTC) is trading at around 96,000 USD, up 1.19% compared to the previous closing level. The lowest price of the day is 92,414 USD.

Technical analysis on the D1 timeframe:

• Candle pattern: On the D1 chart, a bearish candle pattern has recently appeared with a long upper wick and a close below half of the range, forming a bearish pinbar pattern. This indicates strong selling pressure from above and may lead to a further downtrend.

• Trading volume: The trading volume for the day has increased significantly, reflecting strong participation from investors and may confirm the current downtrend.

Analysis of the BTC Dominance index (BTC.D):

• Bearish divergence: On the D1 timeframe, the BTC.D index shows a bearish divergence, indicating a trend reversal from up to down. As BTC.D decreases, capital tends to shift towards altcoins, creating opportunities for other coins to rise in price.

On the D1 timeframe, Bitcoin is facing downward pressure, with a bearish pinbar candle pattern and increased trading volume. At the same time, the decline in the BTC.D index suggests that capital may shift towards altcoins.

People should closely monitor market developments and carefully consider before making decisions.