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


Bitcoin reached a high of 76,000, forming a 4-hour level top divergence, then pulled back to around 74,000 for consolidation. However, it's worth noting that no daily-level top divergence has formed yet. By reviewing historical data, we can see that every bull flag forms a daily-level bottom divergence before the bullish continuation, and every bear flag also initiates the bearish continuation after a daily-level top divergence.
So assuming the market consolidates over the next two days, the rate of change will decrease and the RSI will correct toward the midpoint. When the next move pushes toward 77,500, it will form a daily-level top divergence. At that price point, we will have reached the upper edge of the bear flag, which is also the strongest resistance level of the Vegas Channel and the support/resistance reversal zone. Therefore, a short order must be placed at 77,300. #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%
BTC-1,06%
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