#加密市场行情震荡 BTC has reached a critical resistance zone, will it rebound or reverse?

There are only three days left until the monthly close. Based on the current structure, it is most likely to close with a bullish engulfing candle, and under this bottom structure, the possibility of a direct reversal to a bearish trend is relatively small, unless there are signals of a sharp pullback next month. May could then turn negative if such signals appear. If there is no sharp pullback, May will still close with a bullish candle. So currently, the market is at a key decision point—continue or reverse? Waiting for the market to give the answer.
From the daily chart perspective, it is a very typical oscillating upward structure, with a rhythm of rally - pullback - rally again. There are no obvious bearish signals, but the magnitude and speed of the rise are relatively small. A further rally might shift from bottom oscillation to high-level sideways consolidation. Sideways consolidation is a zone for either gathering strength for a breakout or turning downward. This zone is now considered a time node for either reversal or continuation. Currently, the small fluctuations are a continuation of the rally. In the short term, focus on the key gap at 80,000-81,000. If it is filled this week and a false breakout occurs, then the decline can only be seen as a short-term pullback. Only a pullback after a rally next month might indicate a top. It’s important to remember this timing. Continuous divergence and overbought conditions in the short term mean there’s no need to chase the high. Last week, if you were cautious, you could have taken partial profits at the gap.
In summary, there are no signs of a decline in the short term. The focus is on the gap and resistance around 81,000. A false breakout testing this level this month is a short-term bearish opportunity. Testing next month could be a medium- to long-term opportunity. Currently, the intraday structure remains an oscillating upward trend, but chasing the high is not advisable. The risk of divergence and overbought conditions is high. Last week, those who supported long positions at around 77,000 should pay attention to reducing positions or taking profits at resistance levels.

This article does not provide any investment advice!!!