Analysis: BTC Price Has Not Yet Shown Selling Pressure

Foresight News reported that Swissblock analysis indicates that although BTC is facing downward pressure, there has not yet been a significant sell-off in price momentum. This spring, sustained negative momentum coincided with pullbacks and lower highs. In June, momentum gradually declined, followed by a pullback, then stabilized and reversed to positive. Short-term trend momentum broke out, but the price failed to break higher, which suggests a bullish divergence that will be confirmed if the price decisively breaks through $110,000.