FirstEncounterWithBit

$BTC The liquidity above the 760 level mentioned this afternoon is relatively high. Shorting here offers a good risk-reward ratio, with about a thousand points of downside space.

$BTC The overall price remains in an upward channel, but it is approaching a key resistance zone above, with the main resistance located in the vacuum area below 80k. Above 760, the focus is still on long-term buy orders.
Although the four-hour timeframe shows gradually higher highs, the MACD momentum has already weakened, indicating diminishing bullish strength. A large number of liquidations are clustered in the 758-763 range. When the price approaches this area again, caution is advised against chasing the high. If there is a volume spike accompanied by a long upper shadow, it will be an id

The previous oscillation range of 2639-3400 has formed a bearish flag;
If this high point is 2400 and serves as the flagpole, the downside target for this stage of decline is near 930$ETH