Upper Range Consolidation + Dense Upper Wicks: Multiple attempts to break 71,000–71,500 followed by pullbacks, forming long upper wicks indicating severe selling pressure above.
Bearish Flag/Descending Channel: Bounces from highs are bear market rallies that fail to break the descending channel's upper resistance.
Progressively Lower Highs: Daily and 4-hour timeframe highs declining, bearish momentum in control.
Bitcoin: Sell on bounces to 70,500-71,000 range, target around 69,000. Ethereum: Sell on bounces to around 2,100, target around 1,900. $BTC #Gate广场AI测评官 $ETH #Gate2月衍生品市场份额创新高
Trading Strategy Disclosure:
Upper Range Consolidation + Dense Upper Wicks: Multiple attempts to break 71,000–71,500 followed by pullbacks, forming long upper wicks indicating severe selling pressure above.
Bearish Flag/Descending Channel: Bounces from highs are bear market rallies that fail to break the descending channel's upper resistance.
Progressively Lower Highs: Daily and 4-hour timeframe highs declining, bearish momentum in control.
Bitcoin: Sell on bounces to 70,500-71,000 range, target around 69,000.
Ethereum: Sell on bounces to around 2,100, target around 1,900.
$BTC #Gate广场AI测评官
$ETH #Gate2月衍生品市场份额创新高