#山寨季来了？# #KOL星火计划破千# #稳定币监管风暴#

Bitcoin initially rebounded slightly overnight before continuing to decline, dipping to a low of 117288 before stopping the decline and rebounding. Approaching midnight, it rebounded to a high of 118707, and then fell back under pressure again. This shows characteristics of range fluctuations, with the price consistently oscillating between 117300 and 118800. Analyzing the daily technical pattern, the price of Bitcoin exhibits an alternating rhythm of rises and falls. Although the Bollinger Bands channel remains open upwards, the consecutive rebound highs are gradually lowering, forming a clear "divergence" characteristic. Meanwhile, the MACD indicator shows a continuous shortening of the red bars, indicating a gradual weakening of bullish strength; the KDJ indicator has formed a downward crossover, and the RSI indicator has also started turning downwards. These signals together indicate that the short-term market is lacking upward momentum and there is a strong demand for a pullback. Switching to the hourly candlestick chart, the Bitcoin price has formed a wedge rebound pattern, currently running to the convergence end of the oscillation range. This technical pattern, similar to a triangular consolidation, often signals a trend reversal. Once the price breaks below the support level, the market is likely to initiate a new downward trend, so it is recommended to closely monitor the market movements.