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Currently, the Bitcoin market is revealing several concerning signals that warrant attention.
First and foremost is the significant divergence between the weekly and monthly charts. This is not a fleeting intraday fake-out, but a genuine medium- to long-term trend signal. The price repeatedly tests the 90,000 to 95,000 range, yet key momentum indicators like MACD and RSI continue to decline, forming a classic divergence pattern of "price making new highs while indicators weaken." This often hints that the trend is about to change, with the bullish momentum gradually waning.
Next, there is a bearish flag pattern currently taking shape. After Bitcoin dropped from above 100,000 to around 85,000, it did not continue to fall further but instead oscillated within this range, with highs gradually decreasing and lows slowly rising—typical of a converging flag formation. Once the support at the lower boundary is broken, based on pattern measurements, the decline could target the 70,000 region. This is not mere speculation but an objective calculation based on the pattern itself.
Additionally, one must remain cautious of the potential head and shoulders top formation, which may not yet be fully confirmed. The integrity of this pattern is still under observation...