BTC daily line is currently price high consolidation + short-term momentum cooling + leverage is not in an overly crowded long (bullish) state, so it doesn’t have the structure of a top.

This indicator is something I wrote: QMC+QLT V1.0 - Qingmei Market Crowding & Liquidation
https://cn.tradingview.com/script/FwQzIaaK/ for everyone’s reference.

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