$BTC For two consecutive weeks, it looks like the whales want to make some moves on Mondays, which indicates the main upward wave. The main intention is to bait the bulls and simultaneously liquidate heavy short positions with stop-losses, thereby reducing the extent of the BTC drop and protecting its global influence and value.

After this morning's pump, we saw a slight high-level consolidation, which indicates that the whales are waiting for changes in the long-short ratio. If the targets aren't met, there will be a second wave of main pumps. But it's important to note that the resistance levels above are being pressured: the 4-hour EMA and the daily Bollinger Bands upper band resistance are at 66200-66500, and the candlestick resistance is at 65000-65000. For resistance levels, this is considered downward pressure, while support levels are trending upwards. This narrowing range means that we're currently experiencing a candlestick triangle compression pattern.

With the mid-term indicators showing downward pressure, the daily Bollinger Bands middle and upper bands are in a downtrend. Overall, the mid to long-term trend indicates that the market is under pressure, and the only support with some strength is the daily Bollinger Bands lower band and the candlestick pattern support at 60500.

Currently, the overall market indicators still have bearish potential.

Note: The low point of last week's pullback around 62200 needs to be broken; we're currently at 60500. As for whether it will break to a new low, let's keep that probability in mind and analyze once the price hits 60500.

#Indicators