The recent cryptocurrency market has been stuck in a low consolidation phase, with prices repeatedly moving sideways within a range, and volatility gradually narrowing. The overall center of gravity is slowly drifting downward. Looking at the daily chart, the bulls have attempted multiple times to break through the upper resistance line, but all attempts have been repelled. Each peak momentum is gradually weakening. The Bollinger Bands are opening downward, and the moving averages show a typical bearish alignment. The resistance line above is moving down step by step, and market selling pressure expectations are gradually strengthening.

To be honest, trading is really difficult to control the market accurately. To borrow an old saying, "A frozen three feet is not frozen in a day." People tend to find excuses for themselves; after losses, they comfort themselves with various reasons, as if that can help them find a sense of existence. Interestingly, many people are happiest when making money, but feel restless when holding floating profits. Life is the same — arguing with loved ones, yet confiding in strangers; complaining about those who treat you well, while feeling fond of those who deceive you. This is human contradiction: wanting to be understood but also fearing being exposed.

Back to the market, currently there is a lack of effective upward momentum, and the consolidation center continues to shift downward, indicating that bearish forces are quietly accumulating. If key resistance levels cannot be reclaimed in the short term, testing support levels becomes a high-probability event. Overall, the bearish atmosphere is already quite strong.