Market Status: IBIT is in a bearish downtrend, trading well below all major EMAs (9: 38.05, 50: 45.00, 200: 52.80). Price action shows weakness with declining momentum.

Technical Indicators: MACD remains negative (-2.76) but histogram is slightly positive, suggesting momentum may be bottoming. RSI at 41 is neutral, not oversold yet. Three consecutive days of declining closes signal continued selling pressure.

Pattern Alert: Forming a bearish continuation pattern with lower highs and lower lows. Each day opens with a gap down, showing persistent weakness.

Outlook: Short-term bearish momentum continues. Tomorrow likely red candle as price tests support. Week expected to close below open. No high-probability setup exists currently—waiting for oversold conditions or reversal signals before committing capital.