BTC probing upward after testing the 50-week moving average saw clear pressure and a pullback. At the key cycle resistance level, sell pressure was concentrated and released, and the bulls’ offensive has been declared a failure. Total open interest in the futures market remains at a high level; the share of large holders who are on the sidelines short has already slightly surpassed, giving the bears a strength advantage. The long-versus-short positioning is shifting toward the bearish side.
On the chart, there is no substantive positive support from the project side; the market is highly dependent on external news catalysts. After the rally, profit-taking orders exited in clusters. The resistance created by the moving-line position has been validated by the market. Any subsequent rebounds are more of a corrective nature; a weak rebound means it’s a window for the bears to participate. Prioritize setting up shorts on rebounds and manage position sizing carefully. $BTC
$ETH
#比特币受阻于81000美元50周均线
On the chart, there is no substantive positive support from the project side; the market is highly dependent on external news catalysts. After the rally, profit-taking orders exited in clusters. The resistance created by the moving-line position has been validated by the market. Any subsequent rebounds are more of a corrective nature; a weak rebound means it’s a window for the bears to participate. Prioritize setting up shorts on rebounds and manage position sizing carefully. $BTC
$ETH
#比特币受阻于81000美元50周均线