Hello everyone in the cryptocurrency community, I am Azheng. The content I share today may impact your investment decisions, so I recommend reading it carefully. Although there are no complex indicator charts and only naked K analysis is used, the logic is clear and easy to understand. I will break down the underlying logic of the bearish viewpoint in detail.

First, let's look at the BTC daily chart: The red box highlights the historical market center (i.e., the previous consolidation range), while the yellow area represents the current consolidation range. Comparing the two, it is not difficult to find that the two segments of price movement have a high degree of similarity, essentially being the result of the market's bullish and bearish competition. Currently, the upper red box area has formed a strong resistance level, and most investors in this range are in a trapped state. Imagine if the price rises sharply, it would not only profit new entrants but also help those trapped at high levels to break free, which clearly does not align with the interests of the major institutions.

Why does the price quickly retreat upon touching the upper edge of the yellow center? The answer lies in the fact that major institutions control the market by placing a large number of orders or using algorithmic trading tools to suppress prices at key levels. In the cryptocurrency market, institutional funds are the real dominant force. The essence of the current sideways movement is that the major players are waiting for more buying funds to enter—like a carefully designed chess game, the major players are patiently setting up, waiting for the 'pieces' to fall into place.

Once market sentiment and capital volume meet the expectations of the major players, the market will experience a sharp reversal: the majors will swiftly break below the yellow center, instantly trapping the investors inside the box. This will then initiate a stepwise downward trend; although there may be technical rebounds during this period, they will not provide an opportunity for trapped funds to escape. As time goes on, the losses of the trapped positions will continue to widen.

The market is always full of uncertainties, but investment requires rational judgment. I advise everyone to remain cautious and manage risks well. If you agree with my analysis, feel free to follow me, as I will continue to provide market interpretations in the future. #币安Alpha上新