BiyaPay Analyst: As the news-driven stimulus fades, BTC will return to a falling trend.

BlockBeats news, on August 25, according to BiyaPay analysts, Bitcoin has retraced after a high-level fluctuation, and the news-driven pump is difficult to sustain, with the market returning to technical dominance. The weekly and daily charts continue with bearish lines, and prices remain under pressure below the moving averages, with the indicators in a death cross. Analysts remind to be wary of bull traps, as the rebound is merely a technical correction during the downtrend. The daily chart yesterday closed with a small bearish line, continuing the sequence of falling bearish lines, with prices under pressure below the moving averages and the indicators still in a death cross, maintaining the short positions pattern. The hourly chart shows a slight rebound to around 113700 after a dip in the early morning, but it weakens again, currently continuing a series of falling bearish lines, with indicators showing a death cross again. In the short term, there is still expected to be room for a dip, but blindly chasing short positions is not advisable. BiyaPay multi-asset trading wallet will continue to provide you with one-stop services for global remittances, Digital Currency Trading, and investments in US and Hong Kong stocks, helping you seize opportunities in turbulent markets.