BTC's false breakout at 97400, 4-hour MACD shows a bearish divergence, indicating the short-term rebound has ended. Looking at history, every summer tends to lack strong trends, usually characterized by wide fluctuations. Major movements typically occur in the second half of the year. It's quite unfortunate—back in 2022, ETH peaked at $4800, and now it's at $1835, a 38% drop. Even with Ethereum's upcoming upgrade, the price isn't rising; it seems hopeless. These past three years have been exhausting for everyone, with very few actually making money. ETFs are just games played between Grayscale and BlackRock, shifting assets from one hand to the other. Yesterday, BTC's false breakout at 97400 and the 4-hour MACD bearish divergence signaled the end of the short-term rebound. In the coming days, expect some consolidation before entering a downward adjustment. The first pullback target 🎯 is around 93000, and the second target is 91000. BTC at 97000, ETH at 1870, and SOL above 152 are good levels to open 10x leveraged short positions.
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