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Bitcoin volume has pushed past 74,000! Is this a real breakout or a false rally? Let me first pour some cold water on it 👇
The one-hour timeframe indeed shows a strong rally, reaching a high of 74,893, looking quite bullish.
When it broke 73,000, the volume was released, and that pink volume bar looks intimidating, but such explosive volume often hides the intention to trap late buyers.
Currently, the price is hovering around 74,200, with support seen at 73,500, but once it breaks below, the bulls will panic immediately.
The 24-hour trading volume is 6.5 billion, and the crazier the hype, the greater the risk of a pullback.
Personally, I lean bearish: avoid adding to spot positions recklessly, and don't chase high leverage; be prepared for a retest.
#Gate13周年Dr.Han公开信