Bitcoin continues to retrace intraday, and there are conflicting signals in the current market. Moving averages are arranged in a bearish pattern, and the price is clearly below the medium- and long-term moving averages, indicating an increasing downward pressure!

On the other hand, candlestick patterns are beginning to show reversal signals, suggesting that the short-term market may soon reverse and trend upward. Currently, market sentiment is leaning towards neutral!

Although the price has been retracing for several days, there is no sign of extreme panic in the market. The recent pullback is expected to be a temporary correction.

Currently, Bitcoin's price has returned to the previous dense accumulation zone of oscillating chips. Overall, while indicators are somewhat bearish, the current price area still remains a strong support zone from earlier!$BTC