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The latest Bitcoin (BTC) market analysis shows that on the four-hour chart, the price has exhibited a three consecutive bearish trend. After breaking through the lower band of the Bollinger Bands, signs of a stop-loss rebound have appeared, and it has now risen back to near the lower band of the Bollinger Bands.
In terms of technical indicators, the three lines of KDJ are gradually moving away from the oversold area and beginning to turn upward, while the RSI indicator is also showing a slow upward trend. These signals together indicate that the current bearish momentum in the market is gradually weakening.
It is worth noting that bullish strength seems to be accumulating, which is expected to drive prices further rebound. However, investors still need to be cautious and closely monitor subsequent price trends and changes in trading volume to confirm whether this potential rebound trend can be sustained.
Overall, although Bitcoin prices still face certain pressures in the short term, positive signals have emerged on the technical front. Market participants should remain vigilant, pay attention to potential rebound opportunities, and ensure proper risk management.