Following my previous post, the 3-day layout captured 3.3Wu!

Now, updated BTC market analysis:

After breaking through the bullish pennant, the price accelerated upward to near the previous high, but due to heavy selling pressure overhead, it quickly fell back after touching it. The daily line formed a long upper shadow reversal signal, indicating that the uptrend from 65,000 has ended, and the market has entered a downtrend phase.

Short-term is no longer suitable for going long. There are two possible scenarios for the subsequent movement:

First, the price consolidates in the 70,000 to 69,000 range to establish a bottom, forms a small-level reversal pattern, then rebounds to construct a secondary high around 72,300.

Second, it directly corrects and breaks below the support zone, followed by accelerated downside movement.

I believe the first scenario has a higher probability. Weekend consolidation will help digest selling pressure and create conditions for a rebound. If a rebound materializes, 72,300 will be an ideal short position. Regardless of which path, the market has entered a downtrend, with an initial target at 65,000, with further observations as the market develops.
$BTC $ETH $SOL #加密市场上涨 #比特币站上七万美元 #伊朗明确达成停火协议要求