7.29 evening $SNDK analysis

I already told everyone last night: right now the “hul” trend — 1281 — is strong resistance. Every time there’s a rebound, it gets knocked back.
After this round of rally touched the 1230 high, a topping candle formed — a long upper wick. The bullish advance momentum directly dried up. Then, a continuous run of bearish candles caused a drop, effectively announcing the end of the bullish trend.
​Rebound under pressure, leading to a second sell-off
Along the way down, a round of mild corrective rebound appeared, but the rebound strength was weak. It failed to break through the 1230 prior high resistance. After the rebound ended, it closed bearish and fell again, forming a standard bearish pattern: double-top pullback + a second breakdown.
​Current weakness in the market
At this stage, the K-line center of gravity keeps shifting downward. There are more bearish candles than bullish ones. Every small rebound is quickly swallowed by bearish candles from the short side. Selling pressure hasn’t shown any clear relief, and the short-term bearish setup is unlikely to be quickly reversed. #BTC #ETH #BTC走势分析