Bitcoin's overall trend is very consistent with a bear flag pattern.


Bitcoin reached a high of 76000, forming a 4-hour level top divergence, then pulled back to around 74000 for consolidation. However, it's worth noting that no daily-level top divergence has formed yet. Reviewing historical data, we can see that every bull flag forms a daily-level bottom divergence before the bull market continues, and every bear flag forms after a daily-level top divergence before the bear market continues.
If we assume the market consolidates over the next two days, the speed will decrease and RSI will correct toward the middle. When the next wave of the market moves up towards around 77500, it will form a daily-level top divergence. At that price level, it will coincide with the upper edge of the bear flag, which is also the strongest resistance level of the Vegas Channel and a key support-resistance flip zone. Therefore, a short position must be set at 77300. #Gate广场AI测评官 #比特币站上7.5万美元 #加密市场上涨
SOL-2.18%
ETH-1.88%
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