9.10 BTC analysis
On the BTC hourly timeframe, after rallying to a high and topping off, a bearish divergence top formation appeared. Selling pressure concentrated and released, and price pulled back to the lower Bollinger Band in search of support and absorption. RSI entered a weak range; long momentum has faded. The MACD’s two lines turn and form a death cross, and volume shows net capital outflow. Clear signs of profit-taking/position liquidation are evident in the order flow. Above 78790.6 lies a dense trapped-liquidity zone, where any rebound is likely to encounter resistance; 77815.7 is short-term support, and 77706.1 is the key pivot between bulls and bears. This current move is a pullback and shakeout after the main surge; the rebound is only a corrective dead-cat bounce, not a new bull-market start. Do not bottom-pick against the trend. Wait for confirmation of resistance before considering shorting. Set stop-losses on your contracts to guard against wick/needle risks.
Trading suggestion: 78600-79400 zone, target 76600-77400.
$BTC $ETH
On the BTC hourly timeframe, after rallying to a high and topping off, a bearish divergence top formation appeared. Selling pressure concentrated and released, and price pulled back to the lower Bollinger Band in search of support and absorption. RSI entered a weak range; long momentum has faded. The MACD’s two lines turn and form a death cross, and volume shows net capital outflow. Clear signs of profit-taking/position liquidation are evident in the order flow. Above 78790.6 lies a dense trapped-liquidity zone, where any rebound is likely to encounter resistance; 77815.7 is short-term support, and 77706.1 is the key pivot between bulls and bears. This current move is a pullback and shakeout after the main surge; the rebound is only a corrective dead-cat bounce, not a new bull-market start. Do not bottom-pick against the trend. Wait for confirmation of resistance before considering shorting. Set stop-losses on your contracts to guard against wick/needle risks.
Trading suggestion: 78600-79400 zone, target 76600-77400.
$BTC $ETH
