The big cake is entering the countdown! If it doesn't rebound within the next two and a half days, it will face a weekly level 'Hell of the Town'
Right now, the big cake is like a knife hanging in mid-air——
If a strong rebound cannot be initiated in the next two and a half days, a bearish divergence will officially form on the weekly chart, which is the 'top divergence hell chart' that technicians least want to see.
Once confirmed, it means that the short-term sentiment will come to an end, and the market will likely enter a high-level town + increased selling mode——the kind of slow decline after a big rise will come.
You can imagine it as:
Not a big crash, but just no direction, no breakout, no collapse, grinding down the faith of the bulls, and frustrating those waiting for a reversal. This phase usually lasts for several weeks or even longer, which is simply 'mental torture' for short-term traders.
If the big cake wants to continue its upward movement, the rebound must be initiated as soon as possible——otherwise, we can only accept the upcoming period of 'chronic internal consumption in the crypto circle'.
