DefiPlaybook
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The digital money market saw new changes over the weekend, with signs of a rebound at high levels. Although there was a brief rebound during the late-night hours, the overall market performance is weak, indicating potential fall risks.



From a technical analysis perspective, multiple indicators are showing bearish signals: first, there is a clear divergence between volume and price; second, the Relative Strength Index (RSI) has entered the overbought zone; furthermore, the Moving Average Convergence Divergence (MACD) is forming a top divergence. In addition, the current price is facing dual resistance from the weekly and monthly lines, which makes it more difficult to continue rising in the short term.

It is worth noting that the market has also seen a candlestick pattern known as "Dark Cloud Cover," which is often interpreted as a technical signal that a fall may occur in the future.

For the market leader Bitcoin, its price is facing resistance around the range of $119,500 to $120,000. If it cannot break through, it may fall back to the support levels of $118,200 or even $116,000.

Investors should closely monitor the changes in these technical indicators and adjust their investment strategies in a timely manner based on market trends. However, it is also important to remember that technical analysis is just one tool for predicting the market, and actual trends need to be considered in conjunction with fundamental factors.
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LiquiditySurfervip
· 07-14 19:54
The bigger the wave, the more fun it is. If the depth is not enough, let's just wait.
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AirdropHarvestervip
· 07-14 04:12
Empty! play people for suckers and leave.
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MevTearsvip
· 07-14 01:51
The momentum is building up for a fall, and it's better to be cautious.
View OriginalReply0
PoetryOnChainvip
· 07-14 01:45
Haha, is this the Technical Analysis? Bearish traders, wait for me.
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ApyWhisperervip
· 07-14 01:41
This wave of pump is about to stop.
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ForumMiningMastervip
· 07-14 01:40
buy the dip!
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MetaMiseryvip
· 07-14 01:40
Here we go again, truly a Bitcoin.
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MeaninglessGweivip
· 07-14 01:30
It's time to Be Played for Suckers again.
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screenshot_gainsvip
· 07-14 01:28
Respect, pure suckers old players
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