#BTC The clear trend for Bitcoin has just been confirmed as bearish, similarly, Bitcoin's price movement is unlikely to develop an independent trend.

Bitcoin is currently entering a triangle resonance zone at a high level, and is at the end of an ascending wedge pattern. The rebound high forms a converging triangle pattern, which is inherently a bearish continuation pattern. It is a high-level consolidation after a rebound, with a high probability of breaking downward after the power buildup, rather than breaking upward.

Firstly, on the technical structure, the larger Bollinger moving averages have not expanded, and the upper band has not extended above the high points, indicating weak continuation. Secondly, the wedge pattern itself is a bearish signal, so the current sideways consolidation is a buildup phase. Therefore, this morning's clear stance is that there will be no significant directional move during the day, with mainly narrow-range fluctuations. The real trending move will likely be released after the evening data is released.

Although the final direction depends on the CPI results, considering the current market sentiment, chart structure, and the heavy profit-taking pressure above, the overall pattern clearly leans toward bearishness.

You can consider shorting at high levels in advance; once the data shows a bearish signal and the pattern confirms a breakdown, you can follow the trend for a long-term short.

Target around 812 to 816, and confirm a break below 780 to aim for 750. First watch around 785. #TROLL两日涨超160%