$BTC Is the final Noah’s Ark for the bulls?
If 58000 is once breached and fails, the shorts may end up slaughtering the whole market!
This current level is definitely not just a simple support test; it’s the life-and-death line of the weekly Fibonacci 0.618.
The main forces of both bulls and bears are repeatedly locked in a tug-of-war here.
But every time the price bounces, the highs are clearly drifting lower in plain sight.
This is a typical pattern of resisting decline, with bullish power being gradually exhausted.
And on the four-hour timeframe, the MACD has already formed bottom bullish divergences three times, yet the price still hasn’t been able to effectively reclaim the resistance.
Such divergences are often broken through directly by a single large bearish candle.
Below, the 58000–57800 zone is the last shred of dignity.
If it holds, there’s still room to catch one’s breath and carry out a technical repair.
If it fails, then supports like 57500 and 56800 are basically meaningless in the face of panic selling.
Above, resistance is stacked layer upon layer—60900 to 62300 is an overhead pressure zone that feels out of reach.
In terms of trading: short-term players can keep a close watch on this key area for defense and counterattack, but for the bigger picture, please stay in awe.
The market is always right—don’t fight the trend.
Lately the chart has been stuck in a sideways grind, so I can only scrape together small swings; yesterday’s Ether long order continues to be taken down with #原油价格下跌
If 58000 is once breached and fails, the shorts may end up slaughtering the whole market!
This current level is definitely not just a simple support test; it’s the life-and-death line of the weekly Fibonacci 0.618.
The main forces of both bulls and bears are repeatedly locked in a tug-of-war here.
But every time the price bounces, the highs are clearly drifting lower in plain sight.
This is a typical pattern of resisting decline, with bullish power being gradually exhausted.
And on the four-hour timeframe, the MACD has already formed bottom bullish divergences three times, yet the price still hasn’t been able to effectively reclaim the resistance.
Such divergences are often broken through directly by a single large bearish candle.
Below, the 58000–57800 zone is the last shred of dignity.
If it holds, there’s still room to catch one’s breath and carry out a technical repair.
If it fails, then supports like 57500 and 56800 are basically meaningless in the face of panic selling.
Above, resistance is stacked layer upon layer—60900 to 62300 is an overhead pressure zone that feels out of reach.
In terms of trading: short-term players can keep a close watch on this key area for defense and counterattack, but for the bigger picture, please stay in awe.
The market is always right—don’t fight the trend.
Lately the chart has been stuck in a sideways grind, so I can only scrape together small swings; yesterday’s Ether long order continues to be taken down with #原油价格下跌