Analysis of the Evening Session on the 25th of $BTC 6

Structure:

4 Hours

Currently in a test of the structural high point after a strong rebound, but has entered a key resistance zone at the previous high, with risks of 'false breakouts + liquidation'.

1H (1 Hour)

An obvious 'Bear' mark appears + RSI at a high level showing divergence, CVD momentum follows but shows signs of weakening;

The structure is a complete rise + consolidation + another peak, and it may form a double top/fake breakout structure.

Data Perspective:

Large players are going long, but retail investors are clearly not following. It belongs to a 'minority capital controlling push-up' scenario; once sold off, it will drop quickly.

Active buying has declined: recent prices have been consolidating, but CVD has not followed the rise, indicating no follow-up buying on the peaks.

15-Minute + 3-Minute Structure

There is some buying support at the bottom, but weaker than the previous upward momentum. Short-term weakening signals have appeared.

Judgment: If it breaks below the key support around 106,700, it will confirm the completion of the short-term top formation.

High Probability:

Pullbacks to 106,400, 106,000, 105,800, need to pay attention to: 105,200, if broken, could reach the support of 103,800 before the platform.

If the US market opens and breaks 107,100, then watch for 107,500, 107,800. Currently observing insufficient momentum, unable to rise too high, with a maximum of 108,200 (if reached, can short).