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1. The price did not rise again to break the historical high in the early morning. At this time, it is close to the weekend with low Liquidity and low price volatility phases, combined with the technical aspect of a rise reaching a long wick candle at the top, the short-term top signal is becoming increasingly obvious.
2. It should be noted that due to lower liquidity on weekends, the technical chart may be "distorted". It is important to pay attention to supplementary observations during Monday.
3. If it is confirmed next week that the short-term price has peaked and is pulling back on the daily line, pay attention to the support situation near 118,800 in the short term. The critical watershed remains around 114,300. If the initiation around 108,000 is the start of a new stage of the main upward wave, observing these two key positions can help assess the pullback phase and situation.
4. Although it did not break a new high this time, we can observe three new highs since July 14. Although the same long wick candle pattern appeared, each closing candle was shorter than the last, indicating that as time goes by, the resistance for price breakout is gradually decreasing, and the turnover is also decreasing, which is actually favorable for the subsequent price rise.
5. During the weekend stage, pay close attention to whether there is a collective rebound of optimistic sentiment in the altcoin market, which may bring some expectations and judgments for next week's market sentiment. Currently, it seems that the market is temporarily in a consolidation phase during the early morning hours of the Asian session! #BTC