EyeOfTheTokenStorm
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In the early hours of today, the Bitcoin market displayed a remarkable trend. From the analysis of the hourly Candlestick Chart, it can be seen that as it approached the important resistance level of 109,071, Bitcoin continuously formed long upper wicks in its Candlestick patterns. Technical analysts interpret this as a "Shooting Star" or "Inverted Hammer" combination. This pattern usually indicates a possible top reversal, suggesting that the longer encountered strong resistance from bears when breaking through key resistance levels, and the upward momentum is significantly lacking.



As time goes on, the body of the Candlestick gradually shrinks, with the lows continually dropping, indicating that the shorter's power is gradually gaining dominance. This trend has sparked heated discussions among market participants about the short-term direction.

Based on the current market situation, traders generally believe that Bitcoin may encounter resistance in the range of 108,200 to 108,600, and may pull back to the range of 107,200 to 106,500. At the same time, Ethereum (commonly known as "二饼") is also under scrutiny, with expectations that it may face resistance in the range of 2,520 to 2,540, and may possibly fall back to the range of 2,480 to 2,440.

However, it is worth noting that the cryptocurrency market has always been highly volatile, and investors should approach any predictions with caution and implement risk management. The actual direction of the market will depend on multiple factors, including but not limited to the global economic situation, changes in the regulatory environment, and the behavior of large institutional investors. In this rapidly changing market, it is crucial to remain calm and rational.
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GasFeeSobbervip
· 07-08 16:43
Don't be in a hurry to do Margin Replenishment if you're bearish!
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0xLuckboxvip
· 07-05 18:51
Treat people with politeness, small bets bring joy, big bets harm the body.

Language: Chinese

Once again, short order met with disaster.
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OnchainDetectiveBingvip
· 07-05 18:50
Bullish traders should take profits.
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screenshot_gainsvip
· 07-05 18:50
The Void Break is here!
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Seliavip
· 07-05 18:37
Hold on tight, we're taking off To da moon 🛫
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Seliavip
· 07-05 18:37
Hold on tight, we're taking off To da moon 🛫
View OriginalReply0
Seliavip
· 07-05 18:37
Hold on tight, we're taking off To da moon 🛫
View OriginalReply0
Seliavip
· 07-05 18:37
Hold on tight, we're taking off To da moon 🛫
View OriginalReply0
Seliavip
· 07-05 18:37
Hold on tight, we're taking off To da moon 🛫
View OriginalReply0
Seliavip
· 07-05 18:37
Hold on tight, we're taking off To da moon 🛫
View OriginalReply0
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