After topping out and making a new high, bullish momentum is weakening, indicators have turned down, and the market has entered a pullback phase. Although the larger trend framework has not been completely broken yet, heavy sell pressure at high levels makes breaking above the previous high again very difficult.

Right now the market is overall weak and bearish. It has already risen too much before, and a large number of people at high levels are selling to take profit. Even if there is a brief minor rebound, it’s just a temporary breather—going back up is a short opportunity, but the downside room will further expand.

Yan Ze Noon Compass
Big pie: short the 64,900–65,400 range, targeting around 63,600

Ether: short the 1,935–1,950 range, targeting around 1,890 #USDT充值理财双重奏 $BTC ‌$ETH ‌