Although Bitcoin had a rebound yesterday, it failed to break through the resistance level above, subsequently coming under pressure and falling again, before rebounding once more. Currently, both the resistance above and support below are quite significant.

From the technical analysis at the 4-hour and 1-hour levels, the current market is dominated by bearish forces. Key resistance levels continue to suppress price upward movement, while support levels are repeatedly tested, with multiple technical indicators releasing bearish signals: the Bollinger Bands on both time frames are opening downwards, indicating that the downward momentum is continuously strengthening;

The RSI indicator is in a neutral to weak range in both periods, with no signs of stabilization; in the KDJ indicator, the K value at the 4-hour level has crossed below the D value forming a death cross, while the J value remains in oversold conditions. After the death cross at the 1-hour level, the two lines are diverging rapidly, highlighting a strong bearish control pattern.

Capital flow data shows that the market is experiencing continuous net outflows, while the amount of forced liquidations of short positions has significantly increased, further confirming intensified selling pressure and heightened bearish activity.

Bitcoin rebounded near the 94800-95300 range, looking down to 92000.

Gold rebounded near the 1790-1810 range, looking down to 1700.