$BTC BTC is still within the critical resistance zone between 72K and 75K, where it is testing the range high and approaching the bear flag high. This is occurring within our broader BTC resistance zone that extends to 72K to 80K. Following this retest, BTC has shown a 4-hour bearish divergence, while USDT dominance has shown a 4-hour bullish divergence. This means caution should be maintained regarding new long positions. Shorting remains more appropriate. Looking at CVD flow, we are seeing significant spot distribution at these levels, with price primarily supported by contract positions.

Meanwhile, USDT dominance is once again approaching the 7.60% range low, potentially extending to approximately 7.35% bull flag low. As long as these flags do not break down, there is potential for ultimately leading to lower levels in the market, similar to the pattern we observed earlier this year. If these flags play out, my targets for the coming weeks are at minimum reaching the bull flag high on USDT and the bear flag low on BTC, and possibly breaking through these flags. I believe this will lead to a very volatile period in the crypto market. Similarities still remain with the price action from June 2022.#加密市场上涨