Today's View:
1. The initial formation of an M-top on BTC’s daily chart has begun to appear. During the evening session today through 8:00 AM tomorrow (when the daily candle closes on Monday), BTC can have the M-top confirmed as long as it breaks below $62,500 and does not retest (no pullback).
2. Liquidity during Monday’s Asian session is relatively low. As long as BTC does not rise above $65,200 on increased volume, the bearish view remains unchanged.
3. For those already in short positions, it is advised to hold the position unchanged; set the stop-loss at $65,700. For those who have not entered yet, it is advised to stay in cash and wait for clearer signals.
Note: This week, continue to closely monitor external factors such as the Iran-Iraq conflict developments, the scale of Bitcoin ETF inflows/outflows, and the earnings situation of tech stocks.
1. The initial formation of an M-top on BTC’s daily chart has begun to appear. During the evening session today through 8:00 AM tomorrow (when the daily candle closes on Monday), BTC can have the M-top confirmed as long as it breaks below $62,500 and does not retest (no pullback).
2. Liquidity during Monday’s Asian session is relatively low. As long as BTC does not rise above $65,200 on increased volume, the bearish view remains unchanged.
3. For those already in short positions, it is advised to hold the position unchanged; set the stop-loss at $65,700. For those who have not entered yet, it is advised to stay in cash and wait for clearer signals.
Note: This week, continue to closely monitor external factors such as the Iran-Iraq conflict developments, the scale of Bitcoin ETF inflows/outflows, and the earnings situation of tech stocks.