Today, although BTC experienced a rebound, on the daily chart, trading volume has significantly decreased, indicating that the bulls are not strongly committed and there is a lack of substantial buying support. Recently, the price has continued to decline, but the market fundamentals have not changed fundamentally.
On the four-hour chart, the MACD indicator has formed a golden cross, but the strength is weak, with a short red histogram, showing that bullish momentum is still insufficient. Meanwhile, the J line of the KDJ indicator has risen to 89.7, entering the overbought zone, raising doubts
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