BTC short-term can basically confirm that the top has been reached!

Currently, the top structure has been formed, the daily eight consecutive positive candles have completely ended, and the price has been firmly suppressed by the trend line. There is enormous selling pressure above, and bullish momentum continues to weaken. Any subsequent rebound is likely to be a bull trap.

There are two main possibilities for the bull trap scenario:
The first is a composite head and shoulders top, where the left shoulder has completed two waves of rallies, the first wave of the right shoulder has also ended, and if there is another rebound at a smaller timeframe, it will also follow two waves, with the high likely to fall around 75,000;
The second is a relatively strong bull trap, where the price retraces close to the previous high and then forms a double top or M top, followed by a decline.

Although the current smaller timeframe has rebound demand, it is clearly volume-less price increase, and the bull trap signal is clear.
Operationally, continue to closely monitor the 75,000-75,500 range, and establish short positions once reached. #Gate广场AI测评官