BTC short-term can basically confirm it has already topped out! The top structure has currently formed, the daily eight consecutive positive days have completely ended, and prices are consistently suppressed tightly by the trend line. There is massive selling pressure above, and bullish momentum continues to weaken. Any subsequent rebounds will likely be bull traps.

Bull trap movements have two main possible scenarios: The first is a compound head-and-shoulders top pattern, with the left shoulder completing two waves of rallies, the first wave of the right shoulder also finished, and if small-level rebounds again, the same two-wave pattern would develop with the high likely falling around 75,000; The second is a relatively strong bull trap, where price retraces back toward the previous high to form a double top or M-top, followed by initiating a downtrend.

Although the current small-level has rebound demand, it's clearly a valueless rise, with bull trap signals clear. Operationally, continue to closely monitor the 75,000-75,500 zone. Once reached, short positions can be established. #Gate广场AI测评官