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The daily structure of BTC has been completely broken. Bitcoin has been closing lower for several consecutive days, directly breaking through the key consolidation zone that had supported it for a long time. The psychological and technical support levels below have become virtually useless. Currently, the candlestick bodies are entirely detached from the short-term moving average system. Although this divergence occasionally triggers some "dead cat bounce" type technical corrections, the rebound strength is extremely weak, representing a typical downward resistance during a decline. This level of weakness is fundamentally unable to shake the current bearish trend. The daily correction is far from over, and the bears have already fully gained control of the market pricing power.
Turning to the 4-hour chart, the trend is even more suffocating. After breaking through the key resistance zone, the price has shown a "cliff-like" step-down movement, with no signs of a decent rebound. The Bollinger Bands are currently tightening downward, which often indicates the start of a new acceleration or a sustained decline. The upward moving pressure line is continuously pushing lower, and each rebound high is decreasing, forming a textbook bearish arrangement.
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