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#美联储降息 PTB is currently trading around 0.005467. Let's review this wave of the market—rising from a bottom of 0.002860, it has surged over 80%, but started to stall below the previous high of 0.006347, and then reversed. On the 4-hour chart, this clearly forms a "V-shaped" top pattern, indicating that short-term buying momentum has been exhausted.
Although this rapid surge looks intense, it has actually used up most of the bullish energy. The short-term profit-taking is quite heavy, and the technical correction pressure is significant.
Currently, the strong resistance for the rebound is between 0.00590 and 0.0060. The key support below is between 0.00500 and 0.00520, which was the first platform during the upward move, with very concentrated chips. If this level cannot hold, the price could directly drop to between 0.00430 and 0.00450.
As for trading strategy, once the rebound reaches the 0.00580 to 0.00610 zone, consider entering short positions in batches. Set stop-loss above 0.00645, with targets around 0.00520 to 0.00550. If the price drops through 0.00500 with high volume, go short with a small position, aiming below 0.00450. $PTB indeed needs such a technical correction recently.
Honestly, a 80% increase is immediately pulled back, bulls are really exhausted
Breaking below 0.005 would be surprising