@cpthunter
If the market decides to leave this gap and break through $63,800 on Monday, the trend will reverse from a mid-term bearish trend to a short-term bullish trend.
However, if this gap is filled immediately after the CME opens, as per historical patterns, the overall market will remain in a bearish trend with a consolidation phase, and I will continue to maintain my long-term bearish outlook.
From a technical perspective, the current structure of BTC's oscillating upward movement still belongs to a low-volume ascending wedge or ascending channel structure, which technically favors the bears. This largely aligns with the potential path I speculated on July 5, except for a brief break above the wedge's upper boundary, with no major deviations.
Therefore, we only need to watch whether this daily level breakout is a true breakout or a false breakout.
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