On Tuesday, the Bitcoin market showed a downward trend. The 4-hour Candlestick Chart indicates that the price faced resistance after a rise and fell back, forming a downward channel of four consecutive Bearish lines, suggesting that the market is under pressure.

On the technical side, the middle line of the Bollinger Bands has been broken, and the short-term trend shows a weak state, which may continue to decline. Market sentiment is leaning towards pessimism, the MACD indicator has formed a downward dead cross, indicating that bear forces are dominating the market direction, and the momentum line continuing to expand confirms this.

In the current market conditions, Bitcoin prices may test new lows, and even if there is a rebound, it is unlikely to change the overall downward trend. Investors need to closely monitor market movements and act cautiously.

Meanwhile, other hot topics in the cryptocurrency market include the impact of the United States' tariffs on imported goods, the latest developments regarding altcoin ETFs, and Hong Kong's new regulations on stablecoin oversight. These factors may have a potential impact on market trends.

It is worth noting that there have been recent reports about Musk planning to establish a new political party, and this move could have far-reaching effects on the political landscape and the technology industry, indirectly affecting the sentiment in the cryptocurrency market.

Overall, the current market environment is complex and changeable. Investors should remain vigilant, manage risks well, and adopt prudent trading strategies.