With the arrival of a new week, it's time to analyze Bitcoin's performance last week from a weekly perspective.
From the perspective of the relationship between volume and price, last week's rebound volume was significantly lower than the declines of the previous three weeks. Furthermore, the rebound failed to break through the previous week's candlestick high, closing back towards the middle of the candlestick chart.
This suggests that buying pressure remains weak.
Therefore, the likelihood of further declines in Bitcoin is relatively high, and we maintain our previous view.