From the current structure, the weekly chart's stage-wise top signal is becoming more and more obvious, and the probability of prices breaking above the previous high again continues to decline. After rebounding to the key resistance zone, prices quickly fell back, with heavy selling pressure above, and the bullish momentum for upward attack has significantly weakened.


Combined with candlestick patterns, the daily chart shows consecutive bearish closes that give back the previous gains, indicating insufficient bullish re-attack strength; the long upper shadow on the weekly chart highlights resistance at high levels, gradually confirming the stage-wise top structure.
From the market rhythm perspective, the market has entered a weak pattern where rebound highs keep moving lower and lower lows are gradually broken, with each rebound correction encountering resistance at key levels, and funds are strongly willing to reduce positions and exit at highs.

Trading Suggestions

Bitcoin: Short in batches at 75,200-76,200, target 73,200, and if broken, target 71,800
Altcoin: Short in batches at 2,310-2,340, target 2,260, and if broken, target 2,200
BTC2,5%
ETH2,05%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin