BTC short-term has basically confirmed a top!


The top structure is now fully formed, the daily 8-day consecutive gains have completely ended, price remains firmly suppressed by the trendline, selling pressure from above is enormous, bullish momentum continues to decay, and any subsequent rally is likely to be a bull trap.

Bull trap scenarios have two main possibilities:
The first is a compound head-and-shoulders top formation - the left shoulder has completed two waves of rallies, the right shoulder's first wave has also concluded, if small-level rallies continue in two waves, the high point will likely land around 75,000;
The second is a strong-sided bull trap where price retraces to challenge the previous high and then forms a double top or M-top, subsequently initiating a decline.

Although the small-level currently has a rebound requirement, it is clearly rising on low volume, with clear bull trap signals.
Operationally, continue closely monitoring the 75,000-75,500 zone, and deploy short positions once reached. #Gate广场AI测评官
BTC-0.47%
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