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Observing XMR's recent performance, the bullish momentum is clearly weakening. From a technical perspective, this upward trend is already showing signs of fatigue, especially in front of the 599 integer level, which is a clear resistance. Breaking through 600 seems quite challenging at the moment.
This situation conveniently creates an opportunity for the bears. The key is to find the right entry points. Some traders believe that it might be worth considering short positions at higher levels—after all, if the bulls can't even hold the final psychological barrier, the probability of a subsequent decline is indeed not low.
But honestly, in this kind of market, it still depends on the real signals given by the chart. Whether XMR can break through 599 depends on the upcoming volume performance; one shouldn't gamble on the direction based on imagination. Although it appears somewhat weak in the short term, whether it can fully reverse into a bear market still requires more confirmation.