Failure of the "Lower High" (Lower High)
When the market drops sharply, buyers try to push it up, but they fail to surpass the previous peak. Bitcoin reaching $68,600 and then its rapid decline means that sellers still control the high areas. Whenever the price rises slightly, whales exploit it for "selling" and not for buying, which makes the overall trend bearish.
#ETHTrendAnalysis $BTC $ETH $BNB
When the market drops sharply, buyers try to push it up, but they fail to surpass the previous peak. Bitcoin reaching $68,600 and then its rapid decline means that sellers still control the high areas. Whenever the price rises slightly, whales exploit it for "selling" and not for buying, which makes the overall trend bearish.
#ETHTrendAnalysis $BTC $ETH $BNB
