Tuesday Morning Thoughts | High Pressure, Rhythm Begins to Weaken


Yesterday's trend was very typical: Bitcoin surged to around 80,700 but was pushed down, then fell back all the way. Throughout the day, switching between bullish and bearish ideas, both sides gained room: BTC gained about 3,500 points, ETH also gained over 50 points, the rhythm is correct.
Currently, the price is fluctuating around 79,900, but one clear signal is that as selling pressure increases, the upward momentum has slowed down.
Looking at external factors: Middle East tensions are escalating, risk aversion sentiment is rising, rising oil prices are boosting inflation expectations, which suppresses risk assets (including the crypto market). Market volatility will be greater, but cautious.
Technical analysis also shows weakening: the 4-hour upper band forms obvious resistance, moving averages show decreasing upward momentum, and the KDJ indicator is showing a death cross at high levels.
Three overlapping signals, summed up in one sentence: short-term bulls are basically exhausted, turning into bears. So the trading approach is very clear: prioritize shorting on rebounds, avoid chasing highs.
Trading reference:
Bitcoin: 80,500—81,000 range short target at 79,300 → 78,000
Ethereum: 2,370—2,400 range short target at 2,345 → 2,275
Unstable at high levels is a signal; follow the trend for shorting, don’t fight the trend. $BTC $ETH
BTC1.98%
ETH0.61%
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