You don’t need to look at this market—this is a very typical shakeout!

Everyone needs to understand one thing: right now, there is triple resistance overhead. If the price is going to move down, it has to push up and touch that area first, then complete the “pull-in/entrapment” move before it can open up the space below. Similarly, if you want to kick off a strong breakout upward, you also need a round of pullback to build up momentum; only after enough energy is accumulated can it surge higher.

Now the overall trend is fully matching the prediction we made earlier. Since Monday, I’ve been clear: the upside space is limited. The market will inevitably first go through a round of pullback and adjustment, with a minimum target of the middle band of the daily Bollinger Bands. Only watch whether this key level can be held steadily. If support holds, the rebound will naturally begin as scheduled.

Now, the Monday forecast has already been perfectly realized. I always stick to one saying: before the trend has given a valid breakdown signal, all talk of a reversal is unnecessary. Staying with the original main direction is enough.$BTC $ETH