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According to the current hourly chart, the BTC price continues to decline, currently trading around the 95400 line, just one step away from the 95000 mark. The overall trend remains in a weak oscillation pattern within the middle and lower band of the Bollinger Bands, with the middle band moving average continuing to exert pressure, leading to a lack of strength in short-term rebounds. The Bollinger Bands show a narrowing trend, and the short-term fluctuation range is gradually decreasing, with market sentiment turning more cautious. The price has repeatedly touched the lower band but has not formed an effective rebound, indicating that short positions are still dominant. At the same time, the highs are gradually descending, forming a clear downward trend line. Follow the current short-term support at the 95000 line; once it breaks, it will accelerate the dip.
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