Phoenix/Bitcoin Market Overview: Horizontal Consolidation, Oversold Signal**

PHBBTC fell after a brief rebound in early trading, closing down 0.195%, with weak trading volume and weak momentum. The price consolidated near the key support level 5.15e-06, and the RSI indicator showed oversold, but no obvious reversal signal was seen. The Bollinger band narrowed, volatility remained sluggish, and trading volume did not show obvious direction during the session.