7.6 Monday Evening



From early session to midday session, short signals never stopped. Twice it touched the high of 64000 but was beaten down, indicating that the selling pressure above is solid and real.

The second push higher clearly lacked momentum, with volume shrinking more and more. A typical trap for bulls by pulling up to distribute—prices are artificially high but buyers can't keep up; top-forming signs are already on the table. The long positions chased at highs are now all stuck up there, and the main capital has mostly been withdrawn. The daily-level double top structure is basically confirmed, only awaiting the last bearish candle to break the neckline. #比特币
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CandleWickPoet
· 23h ago
The sell-off traces from the major players are too heavy. Next, we’ll see whether the neckline can hold; if it can’t, then we’ll look at levels below 60k.
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LendingRateAnxiety
· 07-06 13:10
The daily chart structure has turned out like this. Good luck to those who went long at the highs.
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ExitLiquidityIntern
· 07-06 12:48
Double top confirmed, waiting for neckline breakdown.
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PineNeedlesAndColdWind
· 07-06 11:37
64000 can't break through twice, volume is shrinking, this is too obvious a bull trap.
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