From various key indicators, BTC is currently in a "consolidation" phase of trend divergence. After a large capital influx in the early stage, the price experienced a significant pullback, with funds on the sidelines and panic sentiment. The Fear & Greed Index is at a low level, indicating that most investors are currently defensive, cautiously bottom-fishing or waiting for confirmation signals. On the technical side, both the 1-hour and daily charts show increased downward momentum and shrinking volume, indicating short-term rebound weakness. However, short-cycle RSI and candlestick patterns suggest the possibility of a partial oversold correction.