BiyaPay analyst: News stimulus fades, BTC will return to downward trend BlockBeats news, on August 25th, according to BiyaPay analysts, Bitcoin fell back after fluctuating at a high level, and the news driven rise is difficult to continue, returning to technical dominance in the market. The weekly and daily lines have been continuously bearish, and prices continue to be under pressure below the moving average. The indicator is running at a dead cross, and the overall trend is still bearish. Analysts remind us to be cautious of attracting bulls, and the rebound is just a technical correction on the way down. The daily chart closed at a small bearish candlestick yesterday, continuing a continuous bearish decline. Prices were under pressure below the moving average, and the indicator continued to have a dead cross. The bearish pattern has not changed. The hourly chart shows a slight rebound to around 113700 after a dip in the early morning, and then weakened again. Currently, it continues to decline and the indicator is showing a dead cross again. Short term expectations still have room for downward exploration, but it is not advisable to blindly chase short positions. The BiyaPay multi asset trading wallet will continue to provide you with one-stop services such as global remittance, digital currency trading, and investment in US and Hong Kong stocks, helping you seize opportunities in turbulent market conditions.