#比特币震荡走弱 Bitcoin is suppressed by U.S. bond yields, declining across the board. Can the downward trend continue today?

U.S. bond yields are rising again, with major selling pressure. Bitcoin is hanging by a thread!

Recent geopolitical conflicts continue to entangle, U.S. and Japanese bond yields keep rising. The 10-year U.S. Treasury yield has reached an 8-month high, while Japanese government bond yields hit a 30-year new high. The underlying logic is the uncertainty of war. High interest rates increase the cost of holding Bitcoin, and capital flows back into government bonds, suppressing similar assets like Bitcoin and gold. The Federal Reserve's focus has shifted from rate cuts to considering rate hikes!

BTC
The four-hour MA indicator shows a clear head-and-shoulders pattern and has formed a death cross. Overall trading volume and liquidity are low, with sideways consolidation. RSI is in oversold territory. There is a small rebound demand. Watch for resistance at 6950. A volume breakout above this level could target 7080-7200 on the upside. Conversely, failure to break through indicates insufficient buying pressure, and the price may continue to fall, breaking the previous low of 6810. For conservative traders, waiting around 6500 is advisable.

Short-term trading should be flexible and based on your own position and risk management!