$BTC

The current Bitcoin market is generally weak, with bears dominating. The price has retreated from a high of around 97,000, and the Bollinger Bands are running close to the lower band. Although trading volume has increased, the rebound strength is insufficient. The main funds show clear 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 such as MACD, RSI, MFI, and KDJ all indicate 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, potentially resulting in a slight rebound. However, if the trading volume remains insufficient in the medium term, the price may continue to decline. In the long term, operators may be in a stage of suppressing the market to accumulate positions, with a rebound or surge likely to occur later.

It is recommended to primarily observe the situation, focusing on the performance of key support levels at 95,000-97,000, while cautiously positioning and strictly managing risk.