Repeated thinking of repeated rise without breaking the level, today the trend is very clear

Three days of holiday, Bitcoin generally remains in a slow oscillating pattern upward, the price tried several times to test the area above 790, but the bulls did not wait for a noticeable correction, the entry pace was negative; while the bears were under repeated pressure amid the slow rise, testing the psychological state, and neither side could achieve a comfortable trading pace.
The most important signal in the current market is: the price repeats in the rise, but it has not been able to strongly break the 795 level, showing clear signs of stopping at high highs. This type of slow rise without effective breakout essentially consumes the bulls' momentum continuously, and the risks of a pullback gradually accumulate, so buying on the rise at this time is not worthwhile, and it’s easy for traders to fall into a negative position when the market reverses.
Therefore, in the morning, we are not misled by the short-term upward pace, and we remain cautious at high levels, approaching the market with a bearish outlook:
- Entry reference: attempt a light sell near 793, close to the main pressure level, with a more reasonable risk-reward ratio
- Target area: monitor support around 780, and upon reaching it, reduce positions to secure part of the profits; if momentum continues, watch the 770 area
- Risk management advice: do not ignore a strong breakout, and if the price stabilizes above 795 with high trading volume, quickly adjust your strategy, and avoid drifting with the one-sided trend. The market changes rapidly, only by maintaining#V