【BTC】


The bears are starting to push down again, repeatedly liquidated by the main force. This is very similar to the trend in mid-April, gradually rising to attract short sellers, then increasing volume to liquidate pain points.
The previous wedge pattern was broken below the midline support, then returned to the lower boundary, transforming from an uptrend line into a supply zone. Although there are no clear top divergence signals yet, whether it's a false breakout or not, it's a selling point; chasing longs is not advisable.
As for how the subsequent trend will develop, I won't speculate now. Subjective opinions can easily affect judgment; I will only focus on what I can see now.

Here, it's important to note that there are no significant structural references above, and indicators are not very meaningful. Shorting is more biased toward the left side. The maximum short-term retracement depth is targeted at the 78k level from the starting point of the rally, which was also the resistance point during last week's short-term distribution. After support and resistance switch, it becomes a strong support at a smaller level.
Currently, aside from a small liquidation demand around 81k, the rest is almost exhausted. We need to wait for consolidation before re-accumulating.

Gradual scaling out around 80.4k/81k
Take profit: below 78.5k
This is only my personal opinion and does not constitute any investment advice.
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