The BTB daily candlestick has shown significant resistance around the 24-day moving average on several occasions since February 20. The BTB daily candlestick has faced resistance and declined near the 24-day moving average. The same is true for the 144-day moving average parameter in the 4-hour candlestick cycle, as shown in the images. Both the 24-day moving average and the 144-day parameter moving average in the 4-hour cycle are trending downward.

Fundamentally, the U.S. stock market is weighed down by tariff policies, and there is a rising trend in inflation. The short-term fundamental environment has not changed, making it difficult for the U.S. stock market to reverse its recent weak rebound. This morning, the Federal Reserve's reduction in the scale of balance sheet reduction has already been priced in, and there has been no indication of interest rate cuts. In the short term, there are no positive factors, and both the U.S. stock market and BTB are unlikely to rise quickly. Technically, there is still a considerable amount of time for low-level fluctuations and bottoming out.

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