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Bitcoin around 812; Qingcang is muddled; bamboo shoots lead 822
790–794: Qingcang tests twice; bamboo shoots lead 782
The trend of the coin from yesterday’s high to where it is now is essentially a snapshot of a stored supply (stockpile) of holders encountering a break in the buying support floor.
The price holds near the original low but keeps failing to rebound; this suggests that buying support willingness is weakening.
If today’s close cannot stabilize and end with a bullish green candle, the technical picture will further weaken.
Bearish sentiment has been partially released, but the bulls’ follow-through has not yet caught up.
Don’t rush to short D; it’s more reliable to wait until the price shows clear stop-and-stabilize signals in the low range (4-hour stop-and-stabilize green candle + trading volume stabilizing) before entering.
A rally needs a new catalyst. Until that catalyst appears, continuing to short is also reasonable.$BTC