OldFriendFinance

Bitcoin remains weak in the short term with continued decline, and a bearish pattern has been established on the four-hour chart. Trading should focus on shorting on rebounds.
Resistance above is at 78,500; once a rebound occurs, consider entering short positions.
Short-term support is at 77,600; if broken, the next target is around 76,000.
#BTC
#行情预测

5.2 Afternoon Market Outlook
From the four-hour cycle perspective, Bitcoin has rebounded after a correction and returned to a strong position, with increasing bullish sentiment and healthy volume-price movement. The market lows are continuously rising, prices are holding above key support levels, and the bullish trend remains solid.
Currently, the high-level consolidation is a buildup during the upward move, with no significant volume sell-offs, indicating weak bearish force and overall bullish dominance. The main strategy is to follow the trend and buy on dips.
Operational Reference
Bitcoin:

Double Top Divergence, a Strong Indicator for Bearish Trading!
The double top pattern is a classic bearish chart pattern, and when combined with divergence, it can provide traders with a more reliable sell signal.
Double top pattern: Price reaches a certain high, then attempts to break through twice without success, forming two similar peaks.
This usually indicates the end of an uptrend and the beginning of a downtrend.
Divergence: Divergence refers to the inconsistency between the price and certain technical indicators (such as MACD, RSI, etc.).
In the double top pattern, if the sec