Midday Analysis

On Tuesday, early morning sharp rallies often hide pullback risks, and the European session failed to break higher, with the US session likely to weaken!

The high point of today's early morning session has been confirmed. The European afternoon session failed to achieve a higher break continuation, and the subsequent market will enter a major bearish trend. Wave positions can enter short positions in batches within the 74800–75500 range.

In the afternoon, 76000 serves as the dividing line between long and short positions. A rebound to around 75000 can decisively establish short positions, with downside targets looking toward 72800–71500.

The secondary asset is moving in sync, with subsequent large rebounds unlikely, and it is about to enter a downtrend channel, gradually becoming more bearish. $BTC

Wishing everyone smooth trading and steady profits!