BTC analysis

The overall trend of BTC is currently showing a strong downward trend, with the market clearly dominated by bears, while technical indicators suggest that the downward trend may continue in the short term.
The K-line black three soldiers confirm a downward trend, the hammer line may show a short-term rebound signal, and the top distribution warning continues to indicate downward pressure.
The EMA has formed a bearish arrangement, the DIF has crossed below the DEA creating a death cross, and the trend continues to move downward below the zero axis.
The price is operating at the lower band of the Bollinger Bands, and the expansion of the lower band intensifies volatility, indicating the possibility of further price decline.
RSI below 30 indicates an oversold condition, with weak short-term rebound signals, and bearish momentum still prevailing.
In the short term, although prices are oversold, the market may see a slight rebound or short-term consolidation, but overall it still leans towards a downward trend. The bullish strength is insufficient, and the rebound height is limited. If it further breaks below this support level, the downward targets can be looked at 113500—111300.
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