Jacky on Market Night Analysis:

The upward momentum at high levels has been exhausted, and a deep correction is imminent!
After BTC surged to 76,000 points, it entered a sideways consolidation pattern at high levels, with the bullish buying power completely depleted. A sharp decline could start at any moment!

The market started a unilateral rally from 70,456, rising all the way to 76,000, with a total increase of over 5,000 points. The market has accumulated a massive amount of profit positions, and the risk of concentrated selling is imminent.
After continuous gains, the overbought condition has become extremely severe, and the technical correction demand has been fully released. The zone above 75,000 has clearly become a strong resistance at high levels. At this point, chasing longs is like playing with fire—very risky.

The subsequent trading logic is clear: all rebounds are good opportunities to short, with overall trading focusing on short positions at high levels and long positions at low levels, patiently waiting for a significant decline to materialize!
Trading reference: When the price rebounds to the 74,700-75,200 range, prioritize establishing short positions at high levels. The first take-profit target is 73,500. If this support level is effectively broken, look further down to 72,600!#WCTC交易赛瓜分800万USDT #Gate13周年 #美军封锁霍尔木兹海峡