On Tuesday, sharp rallies in early Asian session often conceal pullback risks. The European session failed to break higher, and the US session is likely to weaken!
Today's early session high has been confirmed. The afternoon European session failed to extend the breakout. The subsequent market will enter a major downtrend. Wave-based positions can be built in the 74800–75500 range with shorts added in batches.
In the afternoon, 76000 serves as the bullish/bearish dividing line. Rebounds to around 75000 can decisively establish short positions, with downside targets toward 72800–71500.
Bitcoin shows synchronized linkage. Significant rebounds are unlikely thereafter, as it will soon enter a downtrend channel with gradually lower expectations. $BTC
Wishing everyone smooth trading and steady profits!
Midday Analysis
On Tuesday, sharp rallies in early Asian session often conceal pullback risks. The European session failed to break higher, and the US session is likely to weaken!
Today's early session high has been confirmed. The afternoon European session failed to extend the breakout. The subsequent market will enter a major downtrend. Wave-based positions can be built in the 74800–75500 range with shorts added in batches.
In the afternoon, 76000 serves as the bullish/bearish dividing line. Rebounds to around 75000 can decisively establish short positions, with downside targets toward 72800–71500.
Bitcoin shows synchronized linkage. Significant rebounds are unlikely thereafter, as it will soon enter a downtrend channel with gradually lower expectations. $BTC
Wishing everyone smooth trading and steady profits!