BTC Bitcoin faces obvious resistance at high levels, with a comprehensive weakening in technical indicators, and a firm short-term bearish outlook.

Prices repeatedly encounter resistance near previous highs before surging, with upward momentum continuously diminishing, gradually forming a top pattern. The daily and short-term moving averages are both turning downward, with indicators showing a death cross at high levels, and serious divergence between volume and price, leading to weak and unsustainable rebounds, overall entering a phase of decline and adjustment.

Currently, overhead resistance in the market is heavy, and each rebound is a trap for short-term profit-taking, so high-level chasing is not recommended. Trading should focus on shorting on rebounds, following the trend of the bearish momentum.

Suggested Trading

Enter short positions around 76,500-77,000, targeting a further decline to 75,000-74,000 upon breakdown, with stop-losses set according to your own position size.