A fan asked me whether the current $ALPINE is bullish or bearish! Super Brother leans more towards bearish! The analysis is as follows:
1. The intraday decline is 4.22%, closely following yesterday's 64.04% surge, forming a typical profit-taking pattern.
2. The 4-hour chart shows that the price has reached the MA7 moving average, and if it breaks below, it will accelerate the decline towards the MA15 support level. The high position bearish candlestick further highlights the strength of the bears.
3. Only 6,277 holding addresses show a high concentration of chips, and large holders' selling pressure may trigger a chain reaction of declines. At the same time, the 24-hour trading volume of 1.773 billion has overdrawn short-term liquidity, and the subsequent support strength is questionable.
