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$BTC The rebound has come back, what's the next move?
Some see it as bullish, others see it as bearish, it's quite lively, but Brother Chen's view hasn't changed. I think this is more like the tail end of a rebound rather than the start of a new trend.
From the daily chart, after a surge a few days ago, it has been continuously pulling back, indicating heavy selling pressure above.
Although yesterday closed with a bullish candle, the strength wasn't enough, more like a false signal to attract buyers to chase the rally.
On the 4-hour chart, the indicators look okay, but the volume hasn't kept up.
In this situation where volume isn't increasing, it's hard to truly break through the previous high.
Therefore, unless it can break through the 78.3k level with volume, I believe it's more likely to form a secondary high here and then pull back again.