📊April 29 17:46 $BSB Bullish resistance gradually losing effectiveness, breaking down with increased volume, market panic spreading, bearish momentum dominating, the overall trend remains bearish (for reference only)

(Current price can be entered directly)

Current price: 0.80800 (BSB)

Core judgment: Multi-timeframe MACD low-position golden cross = false breakout rebound, high-position head formation, heavy selling pressure, rebound is an opportunity to short

1. Bearish logic (plain language)

1. Golden cross is a continuation of decline, not a reversal
Daily/4H/1H MACD low-position convergence waiting for golden cross, but price repeatedly falls back in the strong resistance zone of 0.838–0.888, forming an M-top.
Low-position golden cross = bearish shakeout, weakening bullish momentum, limited rebound height.

2. Top structure formed, heavy selling pressure

• Strong resistance: 0.838–0.888, multiple failed attempts to break through, long wick pullback.

• Neckline support: 0.780, breaking below confirms top, initiating downward move.

• Volume weakening: rebound with no volume, profit-taking at high levels continues.

3. High risk of correction after previous sharp rise
BSB surged from the March low of 0.08 to over 0.8, an increase of over 900%, high-level chips loosened, correction needed strongly.
Federal Reserve hawkish overnight, market under pressure, altcoins likely to fall collectively.
2. Short entry points (current price 0.808, short directly)

Entry (gradual position building)

• Short at current price: 0.805–0.810, build position directly (50%)

• Add on rebound: 0.830–0.838, supplement short positions (30%), strong resistance hard to break