#BTC对标贵金属的竞争格局 Bitcoin is fluctuating between the range of 3060-2950, and currently, no clear directional signal is visible.

Looking above, there is considerable accumulation of previous resistance levels and short-term moving averages near 3060, and several waves of rebounds have been smashed back down. The selling pressure is significant. Below, 2820 is the bottom support of this round of fluctuations, and it is also the key buying area recently—after multiple tests, there has been capital coming in to support it. This line must be defended as it is the lifeline of the current market.

From a technical perspective, the price is consolidating in an increasingly narrow triangle, indicating that the market is still hesitant, with both bulls and bears waiting for a clear breakout signal.

The trading volume has recently declined quite a bit, dropping over 30% compared to the average volume in the previous period, which indicates that both bulls and bears are being quite cautious, and no one seems to want to launch a large-scale offensive for the time being. The technical indicators suggest the same - the MACD's red and green bars are repeatedly shrinking, without providing a clear trend direction; the KDJ is oscillating in a neutral zone, showing no signs of overbought or oversold. All of these further confirm that the short-term situation is one of consolidation.

The performance of mainstream coins such as Ethereum and Binance Coin is also largely synchronized, and the entire market is waiting for the wind to come.