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The true major decline is expected to occur before the 18th. In the next couple of days, there’s a high chance that the price will continue to rise a bit more, likely breaking through 76,000. It will make a false breakout at 76,000, then start to fall.
Recently, BTC has been rallying quite strongly, accidentally approaching nearly 75,000. So, is 75,000 the top? I don’t think so, but the top should be reached within these two days, and it’s about to end soon. I estimate that the top will appear before the 18th. As for the specific movement, what follows is just my personal prediction, which may have some errors.
First, the resistance level above is 76,000. Today, it probably won’t break through 76,000 immediately. I think it will form a secondary high near 76,000 today, which is a high point below 76,000—probably a few hundred points lower. It will form a parallel top at 76,000, creating a perception among retail investors that the pressure can’t be broken, that this is the top. This will tempt retail investors to short, and during this period, BTC will also have some pullbacks. Once enough retail investors short, BTC will have a large bullish candle that directly breaks through around 76,000, creating a false breakout. After the breakout, many retail investors will chase the high, then BTC will quickly fall back, trapping those who chased the high at