$BTC Let me talk about ETH. At the minor level, this secondary high point retracement is very strong, but as long as it remains near the previous high, shorting is still the most cost-effective choice. Currently, the price is again approaching the secondary high area, and I've already entered a short position. Looking at the 4h timeframe - the price is about to touch the pressure levels of both the ascending wedge and the rectangle's upper boundary line.



The ascending wedge is a bearish pattern, and the upper area is a strong resistance zone that won't break through so easily. So my prediction for this wave remains that the probability of a bull trap is relatively high. As for the daily timeframe, although it's in a golden cross trend, the volume is continuously shrinking. Put simply, we're currently at a golden cross but the price's volume expansion is weak, oscillating back and forth continuously. The golden cross may be about to get digested, and once it is, it will immediately turn into a death cross. Volume is being continuously weakened. From a medium-term perspective, this is extremely unfavorable for bulls. This is an uptrend deceleration signal.
BTC3,36%
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