$PIEVERSE This wave of trends has completely shown signs of fatigue. The 4-hour structure has obviously weakened, and the price has continuously broken through short-term support without being able to stand back up, indicating that the buying power has been thoroughly penetrated;
At the same time, the trading volume has decreased all the way from the peak, a typical 'weak upward movement, shrinking rebound' bearish rhythm. Looking at the moving average system, MA20 and MA60 have formed obvious resistance, and the price is quickly pushed back every time it approaches the moving averages, which is a sign of a trending bear market.
In simple terms: the main force of PIEVERSE doesn’t want to push up right now, just wants to trap, the market is weak as if it has been hollowed out, it goes up a little and is immediately pushed down, the rebound is completely not strong. The bulls want to struggle, but have no strength; as soon as the bears reach out, the price collapses downwards.
Strength does not rely on guessing, but on the rhythm!
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