Logic Behind Bearish Dominance Bitcoin / U.S. dollarBITSTAMP:BTCUSDMilo-BlakeLogic Behind Bearish Dominance (Bearish Factors Driving Intraday Action) š»1. Bearish structure on the daily chart remains fundamentally unchanged Prices are firmly trading below the 20-day (62,980) and 50-day (65,195) moving averages, which are aligned in a bearish configuration. ETF inflows this week only offset 3% of previous outflows; overall, there remains a net outflow of $5.4 billion for the first half of 2026. Institutions show no willingness to actively increase positions on a large scaleāmoves are limited to halting loss-cuttingāleaving the bullish fundamental case weak. š·2. Dual pressure from inflation and geopolitics A short-term spike in international oil prices has reignited concerns about sticky inflation, while the 10-year US Treasury yield has stabilized above 4.5%, raising the holding cost for non-yielding crypto assets. Escalating geopolitical tensions between the US and Iran are driving capital toward safe-haven assets like the US dollar and gold, diverting potential inflows from the crypto market and suppressing risk appetite. š3. Heavy overhead resistance from trapped positions; low-volume rebounds are prone to retracement The 63,250ā63,300 range serves as the intraday pivot point and resistance level, while the 64,000ā64,200 zone holds a large accumulation of "trapped" positions from previous sell-offs. Any minor rebound triggers profit-taking and selling pressure; without significant capital inflows, breaking through this resistance zone in one go is difficult. Additionally, the high proportion of short positions in the 24-hour futures market makes the price vulnerable to "bull traps"āwhere a spike lures in buyers before the price resumes its downward trend.