Data: The short-term stabilization of Bitcoin may depend on the easing of selling pressure and the rebound in demand

According to market news, Bitcoin has fallen to $74,000, with the 14-day RSI entering the oversold zone and momentum significantly weakening.

Spot trading volume has rebounded somewhat, but the response is slow, indicating that the downward trend is still ongoing rather than a buy-the-dip scenario. The spot market is dominated by sellers, ETFs remain under pressure, there is a noticeable deleveraging in the derivatives market, on-chain activity is sluggish, and the market as a whole has entered a risk-averse mode. Short-term stabilization may depend on the easing of selling pressure and a rebound in demand.