Looking at the four-hour chart, Bitcoin hit a wall near the previous high and didn't push higher. The upward momentum clearly weakened, and it then entered a correction phase. Although there is still some buying interest below, the price is gradually approaching the lower boundary of the range. The overall pattern is not completely broken, but after a period of consolidation at high levels, the bullish momentum is noticeably lacking and seems somewhat weak.

Switching to the one-hour cycle, the lack of upward strength is even more evident. Horizontal consolidation is present, but each successive high is lower, and each rebound is weakening. Although it hasn't made new lows recently, the market fundamentally lacks the energy to break upward. Rebounds are quickly sold off, and short-term emotional recovery hasn't attracted genuine buying interest. If the price cannot stabilize above the midline and continues to fluctuate below key resistance, it is likely to test support levels again. Once that critical support line is effectively broken, we should be alert to a shift from consolidation to a bearish downtrend.

Overall, the short-term trend remains in consolidation, but the structure is weakening, and caution is needed as the risk of a rebound failing and facing renewed downward pressure increases.