Be vigilant about the risk of a major pullback in Bitcoin. The daily chart shows a small bearish candle with a long upper wick, failing to hold above 74,800. Instead, it surged and pulled back, which could be viewed as a false breakout that lured bulls into a trap. Looking at the 4-hour chart, the bullish volume momentum curve shows: the price rebounded from 60,000 to 76,000, but bullish volume is gradually declining. This indicates that bullish momentum is exhausting and confidence is waning.

BTC-0.01%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes