Looking at the 4-hour chart, this move is actually pretty clear. After the price hit the key supply zone at 0.6693, it couldn't go any higher. Not only did it fail to break through, but it also formed a lower high. Once this kind of structure appears, you can basically sense that selling pressure is building up.

Looking at the confirmation signal on the lower timeframe—the RSI has decisively fallen below the 50 midline, with momentum clearly turning bearish. The price also broke below the short-term EMA, confirming the downtrend. The recent big red candle broke straight through the consolidation area, and such a breakout often signals that the price will continue searching for the next support demand zone.

Since the higher timeframe is bearish, following the trend and setting up short positions is a reasonable choice.

Current trading plan reference (short direction):
Entry: around 0.5909
First target: 0.5538
Second target: 0.5166
Stop-loss: 0.6157

#比特币对比代币化黄金 $WLD $PLANCK