$BTC Evening Short-Term Analysis

15-minute chart evening analysis: This surge is the final celebration of the bulls. The bait-and-trap for luring more longs has already been exposed beyond doubt.

The current price 76609.9 is running right along the upper band of the Bollinger Bands at 76755.5. The intraday high near 76999 has formed a clear, strong resistance “ceiling.” Multiple attempts to push higher haven’t been able to hold above the upper band. Bullish momentum is already close to exhaustion, and the probability of a surge followed by a pullback is rapidly increasing. The MACD red histogram is still there, but the DIF line has clearly started to slow. The bullish upward momentum continues to fade and, at any moment, could form a top-divergence structure where the price makes new highs while momentum can’t keep up. Bearish signals have begun to take shape.

The large net inflow of capital looks more like the final “milk” used to lure longs. Repeated choppy trading at high levels without sustained volume suggests that the main players may be using this rebound to distribute in batches. The chips chasing the long side are likely to become the targets for the next bearish roundup. The 76900-77699 range above is an excellent area to enter short positions. Once the price meets resistance and pulls back, it will quickly retest the Bollinger middle band around 76318. After breaking, it will look to the Bollinger lower band support at 75880. If the lower band is broken, the price could move toward 74800-73800. With no major news catalysts, it probably won’t drop too much for now. As a suggestion, if you can lock in profits, take the gains and call it quits. #Gate13周年现场直击