$BTC is currently in a standard macro downtrend.

From a larger perspective, the monthly, bi-weekly, and weekly charts are all showing "lower lows," which is a typical bearish structure; at the same time, the price has consistently remained below the weekly 21EMA and 50SMA, indicating that the medium-term trend has not yet reversed.

In this situation, as long as there is no clear long-term buying signal (such as stabilizing above key moving averages and forming a higher low structure), it is very difficult to discuss a reversal.

In the short term, it now resembles a consolidation within a downtrend, rather than the starting point of a new upward movement.

The probability of continuing to probe lower later this year is still relatively high.

BTCUSDT

Perp

67,614

+1.69%