Bitcoin's recent trend reveals some signals worth monitoring. Let's look at a set of key indicators — MA5 at 3118.83, MA10 at 3120.55, and MA30 at 3119.51.

From the moving average performance, MA5 has already broken below MA10, forming a clear short-term death cross. More importantly, price has been running below MA5, indicating that the short-term upward momentum has essentially been depleted. Meanwhile, MA10 and MA30 are in a tangled state, with the market stuck in an oscillation consolidation phase. MA10 (3120.55) has become the first resistance level here. If the rebound fails to quickly break above it, the downward trend will continue to unfold, and the next point of interest would be the resonance zone between MA30 and the Bollinger Bands midline.

Looking again from the MACD perspective: DIF=1.22, DEA=2.43, histogram at -2.40. DIF continues to run below DEA, and the death cross pattern persists, with bears still in control. The negative histogram values are expanding, indicating that downside momentum is gradually strengthening. Currently, no volume-shrinking rebound signal has appeared.

In terms of positioning, Bitcoin is consolidating around 3130, with resistance above at 3160 and 3180. On the downside, watch 3089 first, then 3045 below that.