Currently, the overall trend of Bitcoin is in a fluctuating downward state. In the short term, there is some demand for a rebound, but it still lacks obvious upward momentum continuation. The overall pattern is typically that of a blunt head. It has now fallen below the middle band of the Bollinger Bands and is stabilizing near the lower band, with short-term bearish momentum gradually gaining the upper hand. The K-line has continuously closed in the red, showing weak rebound strength and insufficient bullish confidence. In the short term, it is highly likely to continue the downward trend. The overall bearish pattern is established, and it is recommended to primarily adopt a strategy of shorting on rebounds.

Bitcoin is still around 109200, looking at 107000$BTC $ETH $SOL .