Recent market analysis shows that Bitcoin ( BTC ) may be facing short-term adjustment pressure. Although the long-term trend remains strong, several technical indicators are issuing warning signals, suggesting that a new phase low may occur in July.

First, there has been a hidden bearish divergence between the BTC price and the Relative Strength Index ( RSI ). This technical pattern often indicates that the price may experience a pullback. It is worth noting that a similar situation occurred in March of this year, after which BTC experienced a decline of about 20%.

Additionally, there is a CME gap on the daily chart, ranging from $114,380 to $115,635. According to historical data, Bitcoin tends to fill such price gaps, which may lead to a short-term drop towards around $114,000.

Additionally, an anonymous analyst pointed out that the Bitcoin cycle indicator (IBCI) has entered the distribution zone. This zone has historically been associated with market overheating and the formation of mid-term tops. Currently, the IBCI has reached the lower end of the range (80%), but has not yet reached the peak level of previous bull market tops (100%).

Although these signals indicate possible short-term fluctuations, investors still need to remain vigilant and closely monitor market movements. At the same time, long-term investors may view potential pullbacks as accumulation opportunities. In any case, maintaining rationality and risk awareness is crucial in the current market environment.