Opening Viewpoint: Retail investors should refrain from shorting during a bull market and cherish every drop to continuously increase their low-cost holdings. Starting today's market analysis for $BTC : BTC is currently in a trend of fluctuating decline. The price is hovering around 93,000 USD, but overall shows a downward trend.

In the past 24 hours, BTC has fallen multiple times and breached several support levels, indicating strong bearish momentum in the short term.

Volume Changes: In the 1-hour cycle of BTC, trading volume has been fluctuating but overall is in a shrinking state, with no significant signs of major players entering the market. This suggests that market participants have differing views on BTC's short-term trend, leading to a cautious sentiment. During sharp rises and falls, trading volume significantly increases, followed by a contraction, indicating substantial market sentiment fluctuations. In recent hours, trading volume has been relatively stable, with no clear signs of expansion or contraction.

Market Heat: BTC's ranking among popular cryptocurrencies has dropped, with low attention leading to lower participation, presenting a downward trend.

Technical Indicators:

• MACD: Both fast and slow lines are diverging downwards, and the DIF and DEA values are gradually decreasing, indicating that bearish momentum is dominant.

• RSI: The value is around 40, close to the oversold zone but not fully entering it; there may be a rebound demand in the short term.

• EMA: The current price is running below EMA7, EMA30, and EMA120, indicating an overall bearish trend. The EMA7 and EMA30 have formed a death cross, further confirming the downward trend.

K-Line Pattern: Recent K-lines show a trend of fluctuating decline, with prices continuously dropping after a high-level retracement, resulting in multiple bearish candles, indicating significant market selling pressure.

Viewpoint: BTC will continue to fluctuate downward in the short term. However, as BTC is the leader in the cryptocurrency market, its trend is still heavily influenced by market sentiment, and the long-term outlook remains bullish!!! Cherish every drop and continuously increase low-cost holdings.

Retail investors should avoid excessive actions.