$BTC YaoYao | 11.12 BTC Outlook
Entry range: Around 73,700–74,200
Band: Above 74,500
Levels above: 74,500–74,770
Pullback target: 73,350; if it breaks below, watch 73,000
After this rally peaked at 74,771.4, each subsequent rebound has peaked below the previous one, forming a classic LH bearish structure. The bulls failed to hold their gains after making a new high, and consecutive large bearish candles drove prices down, signaling heavy overhead selling pressure and weak buying support. The rebound is merely a recovery within the decline, not a reversal.
The short-term resistance zone is 74,150, which is the upper edge of our band. As long as the rebound fails to hold above this level, every bounce higher will offer bears another opportunity to press their advantage. This is the dividing line between bulls and bears; if price cannot break above it, the downtrend structure will remain intact.#美伊谈判出现新进展
Entry range: Around 73,700–74,200
Band: Above 74,500
Levels above: 74,500–74,770
Pullback target: 73,350; if it breaks below, watch 73,000
After this rally peaked at 74,771.4, each subsequent rebound has peaked below the previous one, forming a classic LH bearish structure. The bulls failed to hold their gains after making a new high, and consecutive large bearish candles drove prices down, signaling heavy overhead selling pressure and weak buying support. The rebound is merely a recovery within the decline, not a reversal.
The short-term resistance zone is 74,150, which is the upper edge of our band. As long as the rebound fails to hold above this level, every bounce higher will offer bears another opportunity to press their advantage. This is the dividing line between bulls and bears; if price cannot break above it, the downtrend structure will remain intact.#美伊谈判出现新进展
