Market Quick Review: BTC

BTC may continue to decline and test the bottom

1) The daily candlestick has broken below the strong gravitational level at 0.618;

2) The bearish volume on the four-hour level has consistently been stronger than the bullish volume;

3) The bullish volume corresponding to the formed doji candlestick is average;

4) The net inflow of funds from ETF institutions is weakening;

Therefore, it is anticipated that the probability of BTC continuing to decline to the 0.382 level, around 915K, is relatively high. However, whether it can hold at 975K needs time to observe.