$BTC C Structural Analysis
From the left side, the trendline has already broken, transitioning from an upward trend to a range. The range connects to a small bearish structure, breaking down to around 100,000.
Subsequently, it rebounds again to 110,000 -> retests -> continues to rebound, with the structure being relatively clear. Currently, we view it from a range perspective, with short positions remaining our main strategy.
The resistance above has been confirmed multiple times, and bullish buying pressure continues to diminish. The bull market is short-lived, while the bear market is prolonged. Any rally is for the purpose of unloading, and any chase of rising prices will be penalized.
This time, the high point has been confirmed, with expectations of breaking down below 100,000. If the trend completely reverses, it may reach 94,000 $ETH $XRP .
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