Is Bitcoin showing short-term peak signals? Despite a huge amount in 4 hours, it can't rise, and the reasons behind it are shocking!

Aren't you all shouting about faith, optimistic about 130,000 and 150,000? But the previous high hasn't been broken yet, and the spot market has dumped over 2,000 Bitcoins! Where has the faith gone?

Key resistance level has been locked: 123300 is the previous high resistance. Once it breaks and falls back, if the rebound is weak, should we consider going short?

It is worth noting that a rare signal has appeared in the 4-hour level of Bitcoin — a huge volume of transactions but a long upper shadow, with the entity's rise not surpassing the previous K-line. This is a typical short-term topping pattern in technical analysis!

Trading Strategies:
If there is a rebound to the range of 122700-123300 over the weekend, you may consider taking a light short position on the left side, with a stop loss set at 500-1000 points.
If it breaks through 123300 again and then retraces, you can add to the short position on the right side.
If the stop loss is not triggered, the specific target will be followed up later.

Another possibility: Bitcoin may fluctuate and distribute in the range of 119100-123900.

On the Ethereum side, there have been multiple false breakout scenarios recently. The 4559 resistance level remains effective, and it is highly likely to maintain a consolidation pattern before a true breakout occurs. If Bitcoin confirms a short-term peak, Ethereum is likely to drop below 4370.

The current battle between bulls and bears has reached a fever pitch, and every signal at key positions deserves high attention!
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