Bitcoin Latest Market Analysis

1. Daily Chart Trend: Bitcoin has rebounded after two consecutive days of decline, encountering resistance at a parallel high point and falling back again; the trend is fully in line with expectations.

2. Volume Characteristics: During the rebound phase, trading volume is insufficient, with no volume spike at the top; subsequent declines will be even more rapid.

3. Cycle Patterns

(a) 4-hour: Fake breakout in the early session followed by a pullback, touching the 0.618 level and facing downward pressure, testing the consolidation zone.

(b) 1-hour: Exhibits a standard parallel high point fake breakout pattern, with a sharp rise and fall, a textbook bearish structure.

4. Key Signal from Funding Rate:
Previously, a long-term negative funding rate dragged the price down, making it difficult for the market to break through; now it has turned significantly positive, greatly increasing the certainty of a bearish trend.

5. Future Trend Prediction:
The current consolidation range is gradually becoming clearer; if it breaks below the key support, a final major drop is highly likely; if it stabilizes, an excellent bottoming zone will appear in the next few years.

6. Trading Strategies

(a) If the price directly breaks through the support level and falls back, consider short positions accordingly, without waiting for the upper parallel high point.

(b) Watch for rebound and recovery points after a breakdown: key levels at 0.786 and 1.13.

(c) Be cautious of the Shark 1.13 symmetrical pattern; it appears bullish but is actually weak, and once formed, the decline will be smoother.

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