Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
#Strategy加仓BTC RARE this rally may be nearing its end, as multiple warning signals have already appeared on the technical front.
Let's first look at the candlestick situation. After reaching 0.0335 on the 4-hour chart, the price was pushed back to 0.0305, leaving a long upper shadow—indicating strong selling pressure at higher levels. The daily chart is even more straightforward: after three consecutive days of gains, a doji appeared at the high, which is a classic reversal signal.
In terms of indicators, the 4-hour MACD is still in a bullish crossover, but the histogram is shrinking, and the RSI has started to retreat from the overbought zone at 75.8. The daily RSI is still at 77.9, and in an overbought state, there is a risk of sudden decline at any time.
The most painful aspect is the divergence between volume and price. The candlestick that surged higher was accompanied by a spike in volume, but volume immediately decreased afterward. The daily trading volume has been halved, indicating that follow-up funds are retreating.
Currently, the price is still above the 4-hour EMA30 and the daily moving averages, but the key support is at 0.03. Once this level is broken, the probability of accelerated decline will be high. Many are still chasing the dream of new highs, but the room for this wave may already be limited. When a correction occurs, it could actually be a better entry point—provided that true support is confirmed.