7.3 Big Coin Analysis

From the 4-hour chart, it is clear that this rebound started from the low of 57750. After the bulls continuously pushed higher to reach the high of 62186.6, the upward pace has noticeably slowed down.

After the price spiked higher, multiple doji candles and small-bodied candlesticks followed in succession. The strong high-level consolidation and lagging bullish advance are very prominent. The bullish momentum keeps running out of steam, and the 62200 area forms a strong short-term pressure zone—repeated tests have not been able to sustain a breakout.

This upward move is only a corrective rebound after the earlier deep sell-off. The bearish pressure on the larger timeframe has not been fully absorbed yet. No bottom-reversal structure has formed. The sideways consolidation at high levels is more like a continuation adjustment during the rise rather than a signal of a new bullish push.

In the short term, indicators gradually turn as the price moves sideways at high levels. With the bulls’ energy fully consumed, the need for a pullback continues to build.

Trading idea: Short around 61900-62400, target 60600, 58400$BTC $ETH