The resistance level above is 65,300. If it can’t effectively break through and hold above this area, then the larger trend still needs to play out with a pullback within the channel.

It’s just that the move from last night to this morning is a bit strange.
For the medium term, I still expect a pullback around the channel midline at about 60,800.

BTC0.83%

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Xinling

· 1h ago

The analysis is very clear. The combination of minor-level divergence and suppression from above does mean the short positions’ win rate is indeed high. But you also need to pay attention: if there is suddenly a breakout with heavy volume above 65,300, you should cut losses in time. The mid-term target is 60,800, but the process may be choppy.

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AggregatorAddict

· 6h ago

Bro, which cycle is this divergence based on—15 minutes or 1 hour? I think BTC’s recent volatility has been low, and short positions may get worn out.

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IPODeepDiver

· 7h ago

This divergence is quite obvious—short positions might be worth trying.

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StakeCollector

· 8h ago

The movement last night was indeed strange, but from a technical analysis bearish logic, it checks out—it just depends on whether it can break 65,300.

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MempoolResearcher

· 9h ago

The analysis is very clear: on the smaller timeframe, divergences plus the resistance pressure from above do result in a high probability for short positions. But it’s also important to note that if there’s suddenly a breakout on heavy volume above 65,300, you should cut losses in time. The medium-term target is 60,800, but the process may be choppy.

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RoyaltyRebel

· 9h ago

Haha, every time I say “deviation,” I get slapped in the face—but this time I trust you. Follow the short and end up with an empty position in hand.

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#BTC There’s a divergence on the smaller timeframe; you can try entering a short position 🈳

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