$BTC

The current overall Bitcoin market is relatively weak, with bears dominating. The price has retreated from highs to around 97,000, and the Bollinger Bands are running close to the lower band. Trading volume has increased, but the rebound strength is insufficient. Major funds show significant signs of net outflow, and the market depth reflects that selling pressure is greater than buying support. Market sentiment is cautious, and the leverage long-short ratio is relatively low.

Technical indicators MACD, RSI, MFI, and KDJ all show that the market is still in a downward trend, but in the short term, it may find support in the 95,000 to 97,000 range, possibly resulting in a slight rebound. However, if the trading volume is insufficient in the medium term, prices may continue to decline. In the long term, the market makers may be in a phase of pressing down and accumulating positions, which could lead to a rebound or rally later on.

It is recommended to mainly watch and wait for now, paying attention to the performance of the key support levels of 95,000-97,000, and to cautiously plan and strictly control risk.