$ORCA 🈳🈳🈳!
The market is severely overbought, and there are far too many traders sitting on profits. Those who bought in at lower levels are now sitting on huge unrealized gains. As the price approaches the previous high and its resistance zone, these traders could take profits at any moment, creating a sharp burst of short-term selling pressure.
There’s a strong resistance level just above. If the bulls can’t quickly hold their ground, this could easily turn into a “fake breakout,” trapping those who chased the rally at the top before the price pulls back.
The bearish divergence here is still pretty clear. Bears, rally up—we’re getting ready to ride the pullback!$ETH $BTC #币安推出BinanceIntelligence #XRP财库公司Evernorth完成SPAC合并 #以太坊Q3涨70%流动性下降
The market is severely overbought, and there are far too many traders sitting on profits. Those who bought in at lower levels are now sitting on huge unrealized gains. As the price approaches the previous high and its resistance zone, these traders could take profits at any moment, creating a sharp burst of short-term selling pressure.
There’s a strong resistance level just above. If the bulls can’t quickly hold their ground, this could easily turn into a “fake breakout,” trapping those who chased the rally at the top before the price pulls back.
The bearish divergence here is still pretty clear. Bears, rally up—we’re getting ready to ride the pullback!$ETH $BTC #币安推出BinanceIntelligence #XRP财库公司Evernorth完成SPAC合并 #以太坊Q3涨70%流动性下降
