Brighthouse Financial Pref A ADR: Bollinger Bands Expanding Downward, Bearish Marubozu Detected

Brighthouse Financial Pref A ADR's 15-minute chart has recently exhibited a notable pattern, with the Bollinger Bands expanding downward and a bearish Marubozu forming at 07/10/2025 15:00. This suggests that the market trend is currently being driven by selling pressure, with sellers dominating the market and bearish momentum likely to persist.

Bitcoin (BTC) has shown signs of bearish momentum as it heads into a crucial week, despite early gains and continued institutional demand. The flagship cryptocurrency started the week positively, rising to an intraday high of $109,726 before losing momentum and dropping to its current level of $108,698, down 0.48% [1].

The Bollinger Bands, used to assess momentum and volatility, are at their tightest point in nearly a year, suggesting a potential breakout is imminent. However, the current price action indicates that selling pressure is dominant. The formation of a bearish Marubozu candlestick at 07/10/2025 15:00 further supports the bearish trend, with sellers dominating the market [2].

Japanese Bitcoin treasury firm Metaplanet has completed the acquisition of an additional 2,205 BTC, taking its total holdings to 15,555 BTC. The firm's latest purchase at an average price of 15.64 million yen per Bitcoin for a total price of 34.49 billion yen ($213 million) pushes Metaplanet’s aggregate Bitcoin investment to 225.82 billion yen ($1.38 billion) [1]. Despite this significant investment, the market trend remains bearish.

The Federal Open Market Committee (FOMC) minutes, scheduled for release on Wednesday, and President Trump's tariff deadline looming on July 9 are key catalysts for BTC. A return of retaliatory tariffs could be bearish for Bitcoin and other cryptocurrencies. Additionally, the FOMC minutes could provide insights into potential interest rate cuts, which would be bullish for BTC [1].

The upcoming Heimdall v2 mainnet upgrade for Polygon (POL) is set for July 10, adding further market activity and potential volatility. At press time, POL is trading at $0.2001, up 7% in the past 24 hours and 11% over the past week, with trading volume jumping 71.4% to $92 million [2].

In summary, while institutional demand remains strong, Bitcoin's price action indicates bearish momentum. The upcoming catalysts and market events could significantly impact BTC's price movement in the coming days.

References:
[1] https://bitzo.com/2025/07/bitcoin-price-analysis-btc-starts-crucial-week-in-the-red-slips-below-109000
[2] https://crypto.news/polygon-pol-rally-heimdall-v2-mainnet-launch-2025/