💥 Still chasing $BTC a rebound and waiting for new highs, brothers—today Nannan directly pours you a bucket of cold water to wake you up!

Judging from the order book, the recent rebound highs keep getting lower one by one; sell pressure above keeps popping up every day. There’s basically no money willing to chase the upside. Volume hasn’t expanded at all. The bulls don’t have the strength to absorb the sell pressure, and they haven’t even managed to build a decent trend reversal signal. The short-term looks like it has stopped falling, but if it can’t break through the key resistance level, chances are it will still be a weak market, mostly consolidating and trending downward afterward!
Nannan’s personal trading idea: short the rebound. Place short orders in the 63,000–63,500 range, stop loss at 64,000–64,500, and targets at 62,500–62,000.