Recently, the Bitcoin market has shown a clear adjustment trend. The bearish line trend for three consecutive trading days, coupled with the price breaking below the daily chart middle band support level, indicates that the previous balance maintained by both bulls and bears has been disrupted. This series of changes suggests that the market may be entering a new downward cycle.

In terms of market sentiment, the bulls' confidence is clearly undermined, and the buying power has significantly weakened. Meanwhile, the bearish forces are gradually strengthening, with selling pressure continuously accumulating, seemingly regaining control of the market. These signs point to a possible outcome: the Bitcoin market may face a new round of adjustments.

Looking back at the recent market, we can see that both bulls and bears have been in a prolonged stalemate within the daily chart range, repeatedly vying for control over market direction. However, with the appearance of three consecutive bearish lines, this balance has been completely broken, and the market has finally retreated into a downward channel. More notably, the moving averages at the daily chart level are gradually diverging downward, and the bearish momentum in the MACD indicator is also continuously strengthening. This indicates that the bearish trend is gradually shifting from the initial phase of emergence to a sustained strengthening phase, and the likelihood of a trend reversal in the short term seems to be low.

From a short-term perspective, the market's weak characteristics are becoming increasingly evident. Each slight rebound in price encounters new selling pressure, and the overall strength of the rebound is weak. This downward trend may be difficult to change in the short term. Even if a phase of rebound occurs later, it is likely to be just a brief correction in the bearish trend, making it hard to alter the current market pattern dominated by bears.

In this market environment, investors need to stay vigilant, closely monitor market trends, and manage risk appropriately. At the same time, they should also pay attention to potential reversal signals, as the cryptocurrency market is known for its high volatility and unpredictability.