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💥$BTC That bullish candle during yesterday's midday session, do you dare say it didn't move your heart? But if you chased after it, you probably haven't even found your teeth in your mouth yet, right?
Brothers, Sister Nian is here to review yesterday's trend: During midday, Bitcoin suddenly surged with high volume, seeming to break out, but in reality, it created a clear trap to lure longs near 62,300. According to technical analysis, the resistance level should have first tested the daily chart's first resistance zone around 64,200, after all, the previous high at 64,200 formed a 4-hour head and shoulders top, and $ETH also faced resistance around 1720. The market didn't give a second rebound opportunity; the price turned back from the halfway point and, during the night, even broke through the strong support zone near 62,200.
The key reason is: Yesterday afternoon, Bitcoin's capital outflow accelerated all the way, completely out of sync with the previous day's capital inflow, indicating that buying pressure couldn't sustain this waterfall. Brothers, without continuous capital inflow, even the most beautiful rebound is just a trap. Those troops who eagerly jumped in yesterday, don't blame the market for being cruel; blame yourselves for forgetting the trick behind the bullish candle.