After this rally, Bitcoin (“the big pie”) has been clearly stuck once it reached the upper resistance zone.



On the 4-hour timeframe, we’re seeing continuous bullish candles pushing higher, but the pace of the advance is getting slower and momentum is starting to fade. At the same time, the Bollinger Bands are gradually tightening, suggesting the market is building up for the next directional choice.

From what we can see on the chart, it’s very clear:
Every time price probes upward, it gets quickly pushed back down. There’s heavier sell pressure around 79,500, and sell orders above are pressing down layer by layer. The bulls may be absorbing it, but their strength is beginning to weaken.

In essence, this kind of structure is:
Stalled upside after a push higher + consolidation at high levels + shakeout to prepare direction.

In the short term, breaking through the current range directly is relatively difficult. More likely, price will first pull back to relieve pressure, then re-select a direction.

Trading idea: Follow the trend, mainly short on rallies

BTC:
Sell in batches within the 79,200—79,900 range
Target: 76,000 → 74,000
Defense: 81,000

ETH:
Short within the 2,410—2,430 range
Target: 2,350 → 2,300
Defense: 2,480
BTC-0,2%
ETH-0,07%
View Original
post-image
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin