Market analysis shows that the encryption asset zone is about to face downward pressure, and there may even be a significant adjustment. Although holding short positions is temporarily in an unfavorable position, if the daily chart can firmly stand above the 98000 level, a stop loss exit will be considered. Analysts expect the market may accelerate downward in the near future, mainly based on the following judgments: First, the M-shaped top structure formed from November 2024 to February 2025 is difficult to break through; second, there is a large amount of selling pressure accumulated around 98000; third, the upward trend that started on April 7 has failed to form an effective driving force; fourth, the 34th day of the Fibonacci cycle is approaching, indicating an increase in fluctuation; finally, during the mid-year financial reporting season for banks in June-July, funds often flow back to Financial Institutions, putting high-risk assets under pressure, which is a historical pattern. Let us follow the market's upcoming trend development together.
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Market analysis shows that the encryption asset zone is about to face downward pressure, and there may even be a significant adjustment. Although holding short positions is temporarily in an unfavorable position, if the daily chart can firmly stand above the 98000 level, a stop loss exit will be considered. Analysts expect the market may accelerate downward in the near future, mainly based on the following judgments: First, the M-shaped top structure formed from November 2024 to February 2025 is difficult to break through; second, there is a large amount of selling pressure accumulated around 98000; third, the upward trend that started on April 7 has failed to form an effective driving force; fourth, the 34th day of the Fibonacci cycle is approaching, indicating an increase in fluctuation; finally, during the mid-year financial reporting season for banks in June-July, funds often flow back to Financial Institutions, putting high-risk assets under pressure, which is a historical pattern. Let us follow the market's upcoming trend development together.