From the 4-hour chart, the trend is clearly bearish. After a rally and pullback, the downward structure continues, and the typical "lower high" pattern has already formed. The key 0.0175 resistance level has never been held, and after this round of retesting, selling pressure has clearly intensified, with bears basically taking control.



Switching to the 1-hour chart makes it even clearer—RSI has been repeatedly suppressed around the 50 level, indicating that bullish momentum has been exhausted, and the downward inertia is likely to continue. There is currently a rebound in price, which actually provides a good entry opportunity for those looking to short, as trading with the main trend generally has a higher win rate. The target levels can be set at those previous demand zones.

Reference strategy (short):
Entry: Around 0.01422
First target: 0.01203
Second target: 0.00984
Risk control: 0.01568

#比特币对比代币化黄金 $BLESS $IRYS
BTC0.1%
BLESS10.49%
BOB-3.7%
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CryptoPunstervip
· 12-05 23:39
Another episode of bull exhaustion, with the RSI being heavily suppressed. Maybe it's time to change the scriptwriter... I'll keep chasing shorts and just follow the data.
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MEVEyevip
· 12-05 19:40
The short signal was so obvious, you should decisively enter on the rebound. Entering at 0.01422 this time felt really good.
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ShortingEnthusiastvip
· 12-05 19:37
This round of shorts is really about to take off. If 0.0175 can't be broken, the sell-off will have to continue. I'm betting on this round.
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TeaTimeTradervip
· 12-05 19:33
Yeah, this round of bears is something else. The RSI being stuck below 50 says it all—the bulls really have no strength left.
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LiquidationAlertvip
· 12-05 19:31
This round of shorting was indeed overdue. Failing to hold 0.0175 sealed the fate, and any rebound is just a great chance to get wiped out.
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