Current Market Structure and Trend Analysis
Short-term (1-7 days): Consolidation at lows + weak rebound attempt. Prices fluctuate within the 68k-72k range, indicating a bottoming phase or continued accumulation before a decline. RSI oversold + MACD narrowing in negative territory suggest a potential rebound window, but trading volume has not significantly increased, lacking strong buying confirmation.
Medium-term (1-4 weeks): Still leaning bearish. Most platforms categorize the trend as Strong Sell or Sell, with a downward trend channel. Breaking below 69,000 could open up more downside space.
View Original