Looking at the monthly trend of Bitcoin, this recent three-month period has all closed in the red. To be honest, such a situation has hardly occurred in the past ten years. I checked the historical data, and at most, there have been three consecutive monthly red candles like this.

This phenomenon is quite worth paying attention to. It’s not to say that three consecutive declines will definitely lead to something, but in Bitcoin’s more than ten-year history, the occurrence of such extreme situations is indeed very rare. Each time it happens, it is accompanied by some specific market background and changes in investor sentiment.

The significance of this trend pattern on the technical side is that it can reflect the market’s level of pressure during a specific period. Of course, history will not repeat itself exactly, but referencing Bitcoin’s subsequent performance in similar past situations still has some guiding significance.