$BTC Bitcoin bulls seem to be trying to push the market again, but there appears to be insufficient strength, and the morale of the bulls seems to be running low. We expect a price pullback.

Over the weekend, the Bitcoin market showed a sideways consolidation pattern, and during the overnight period, although the Bitcoin price slightly increased, it did not form a sustained upward trend. Therefore, for those holding short positions, there is no need to panic; just remain calm and maintain the current defensive strategy, as the situation is still under our control. This is a critical time, and we should not lose confidence.

Despite a certain degree of strong rebound in Bitcoin, we still insist that this is merely a market rebound and not a complete reversal of the trend. From the overall market rhythm, although there has been a recovery after each dip, the strength of the recovery is evidently insufficient, indicating that the weak pattern of the market has not fundamentally changed. The rebound is merely preparing for further declines, and as the strength of the rebound gradually weakens, even if the market experiences a certain level of increase, it is only to allow the bears to accumulate more power. Therefore, we will continue to maintain a bearish market rhythm.