Looking at the weekly chart of BTC, the rejection signal at the VA level above is still quite obvious. Unless the price jumps directly upward through the NPOC from below, once it starts consolidating sideways, this upward trend will be very difficult to continue. In other words, without a strong breakout support, this current upward auction(auction) is likely to fail. From a technical perspective, this is not a very optimistic signal for short-term bulls.

BTC4,54%
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SelfStakingvip
· 4h ago
You're starting to talk about rejection signals again, but can the breakout you mentioned actually happen?
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TommyTeacher1vip
· 01-12 11:43
Just waiting to see if it can break through that VA, otherwise this wave will really be a loss.
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BearMarketBarbervip
· 01-11 09:46
Another crash incoming? With this weekly rejection signal, how are the bulls supposed to survive?
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Frontrunnervip
· 01-11 09:45
Hey, VA is a bit of a tough hurdle. If it doesn't break through, it's really risky.
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GasFeeGazervip
· 01-11 09:34
With such aggressive VA positioning, either break through directly or get stuck and die. It's a choice between the two.
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PriceOracleFairyvip
· 01-11 09:34
yo that VA rejection is screaming market inefficiency ngl... unless we see some gnarly NPOC breakout the whole auction structure collapses into sideways hell fr
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GasFeeSurvivorvip
· 01-11 09:33
The pressure at that VA position is indeed quite intense. It feels like this bullish wave is a bit risky.
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OnchainHolmesvip
· 01-11 09:23
Sideways = deadlock, a breakout is necessary, otherwise this bullish trend is really at risk.
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