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💥$BTC How many people were fooled by this morning's pull-up scam??
Sister Nan first states the market conclusion: this is only an oversold technical rebound, definitely not a trend reversal.
Yesterday, Bitcoin moved back and forth within a range, with no major moves, but this morning the bulls suddenly pushed the price up, quickly encountering resistance and falling back after a spike, with the second coin's trend completely synchronized with Bitcoin.
To be honest, Sister Nan says this wave doesn't look like a reversal at all; it's just a bounce after a big drop!
Although the daily chart shows signs of a bottoming and rebound, the overall downward structure remains unchanged, with ample selling pressure above, and the rebound volume on the 4-hour level is insufficient, still dominated by bears.
Sister Nan's personal trading approach remains "short on rallies," don't stubbornly chase longs!