Although $BTC hasn’t completely broken below support yet, the daily chart has already shown a fairly clear sign of weakness.
Yesterday saw a long upper-shadow bearish K line, and it also just tagged the previous high area. This indicates that there is significant sell pressure above 80,000.
Looking at the 4H chart, the key level around 78,000 has already been broken earlier. Recently, the short-side volume has been gradually increasing, and price has been grinding right against support. This kind of movement actually warrants caution, because a real breakdown could be imminent.
So, for the short term, my thinking is quite clear: when it rebounds, look for short setups first—don’t chase the sell-off.
As long as the daily chart hasn’t regained and broken above the previous high, rebounds into the resistance area can still be watched for short opportunities.
Once there is an effective breakdown below the current support level, price will most likely return to the prior consolidation range.
Of course, if later there is a breakout above the previous high with a surge in volume, then this bearish logic would be invalid.
In one sentence: before breaking to new highs, watch resistance on rebounds; after a breakdown, then look at the downside space.
#美国加密股指数涨5.04%
Yesterday saw a long upper-shadow bearish K line, and it also just tagged the previous high area. This indicates that there is significant sell pressure above 80,000.
Looking at the 4H chart, the key level around 78,000 has already been broken earlier. Recently, the short-side volume has been gradually increasing, and price has been grinding right against support. This kind of movement actually warrants caution, because a real breakdown could be imminent.
So, for the short term, my thinking is quite clear: when it rebounds, look for short setups first—don’t chase the sell-off.
As long as the daily chart hasn’t regained and broken above the previous high, rebounds into the resistance area can still be watched for short opportunities.
Once there is an effective breakdown below the current support level, price will most likely return to the prior consolidation range.
Of course, if later there is a breakout above the previous high with a surge in volume, then this bearish logic would be invalid.
In one sentence: before breaking to new highs, watch resistance on rebounds; after a breakdown, then look at the downside space.
#美国加密股指数涨5.04%
