On the hourly chart, two consecutive pushes higher were both slammed back down by heavy selling pressure.
The news-driven surge faded quickly. The market’s true condition isn’t how sharply it rallied, but that once it reached higher levels, no capital was willing to step in and provide support. With buyers dropping out, short-term positive news simply became liquidity for major players to sell into.
The fact that price failed twice at the highs has made the ceiling crystal clear. With no meaningful support above, the market—exposed and vulnerable at these elevated levels—can only retreat along the path of least resistance. Trying to jump in now is like catching a falling knife with your bare hands.
#比特币反弹至8.3万美元 #KAIA $KAIA
#RLC $RLC
#比特币反弹至8.3万美元
👇
The news-driven surge faded quickly. The market’s true condition isn’t how sharply it rallied, but that once it reached higher levels, no capital was willing to step in and provide support. With buyers dropping out, short-term positive news simply became liquidity for major players to sell into.
The fact that price failed twice at the highs has made the ceiling crystal clear. With no meaningful support above, the market—exposed and vulnerable at these elevated levels—can only retreat along the path of least resistance. Trying to jump in now is like catching a falling knife with your bare hands.
#比特币反弹至8.3万美元 #KAIA $KAIA
#RLC $RLC
#比特币反弹至8.3万美元
👇