Weak bounce faces resistance, bears gather strength to strike
8.17 BTC situation recap: BTC market thinking reference
This is a very classic “downtrend continuation flag-like consolidation” or “rectangular range” structure. Price repeatedly wrestles within the 62,900–63,200 zone. Candle bodies are extremely small, and volatility has dropped to a near-zero point. This kind of “loom machine”走势 usually means the market is building up energy, preparing to pick a direction
A sequence of small bearish and bullish candles indicates that bulls and bears are temporarily balanced at this level, but the center of gravity has not clearly shifted upward. This typically suggests the bears are resting and preparing signals for the next leg lower
Trading suggestions:
Short lightly around 63,200
First target: 62,800 Second target: 62,500
The market is at a critical turning point now, with extremely low volatility. A “false breakout” is easy to occur $BTC #BTC
8.17 BTC situation recap: BTC market thinking reference
This is a very classic “downtrend continuation flag-like consolidation” or “rectangular range” structure. Price repeatedly wrestles within the 62,900–63,200 zone. Candle bodies are extremely small, and volatility has dropped to a near-zero point. This kind of “loom machine”走势 usually means the market is building up energy, preparing to pick a direction
A sequence of small bearish and bullish candles indicates that bulls and bears are temporarily balanced at this level, but the center of gravity has not clearly shifted upward. This typically suggests the bears are resting and preparing signals for the next leg lower
Trading suggestions:
Short lightly around 63,200
First target: 62,800 Second target: 62,500
The market is at a critical turning point now, with extremely low volatility. A “false breakout” is easy to occur $BTC #BTC