Evening Thoughts


Currently, Bitcoin is in a weak correction cycle after a high-level surge with exhausted momentum.
After forming the stage high point, the bullish momentum has significantly weakened, and the market rhythm is shifting from a single-sided upward trend to a phase where bearish forces are gradually dominating.

After the price reaches the stage high point, it fails to continue the strong upward push, and subsequent rebounds weaken step by step, with the high points also moving lower, forming a weak structure of "high-level stagnation + powerless rebound."
This is a typical signal of exhausted upward momentum, indicating that bullish funds' willingness to chase the rally has clearly cooled down, and the market has shifted from "bullish dominance" to an adjustment phase, with a higher probability of a second bottom rather than a direct breakthrough of the previous high.

Trading Suggestions:
Around 76,700 for Bitcoin, target near 75,000
Around 2,350 for Altcoins, target near 2,280
BTC0.47%
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