$B is currently moving within an ascending wedge, a pattern that typically indicates a weakening of bullish momentum — the price is being compressed tighter and tighter, and the space for an upward breakout is shrinking.
Recent behavior is also quite interesting. Every time it touches the upper trendline of the wedge, selling pressure emerges. What does this indicate? Supply is beginning to confront demand, and the bullish momentum is no longer as fierce. In other words, the previous one-sided rally has shifted to a stalemate, and the next move depends on which side can hold out longer before losing control.
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GasFeeTherapist
· 3h ago
Squeezing pressure, this rhythm is really a bit nerve-wracking, it feels like the bulls are losing momentum.
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AirdropChaser
· 3h ago
Wedge compression, it feels like the game is about to begin again. Whoever breaks the level first will win.
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ImpermanentTherapist
· 3h ago
Under wedge pressure, the bulls are really out of strength. This rhythm clearly indicates that a breakdown is imminent.
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ChainComedian
· 3h ago
Squeezing suppression, are the bulls out of luck? Now just waiting for the moment of breakdown, anyway I don't believe it can continue to rise.
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Blockblind
· 3h ago
The wedge resistance is so tight that a decision is probably imminent. Will it bet on going up or down?
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SleepyArbCat
· 3h ago
Ah, the wedge squeeze is back... Why are the bulls so weak?
$B is currently moving within an ascending wedge, a pattern that typically indicates a weakening of bullish momentum — the price is being compressed tighter and tighter, and the space for an upward breakout is shrinking.
Recent behavior is also quite interesting. Every time it touches the upper trendline of the wedge, selling pressure emerges. What does this indicate? Supply is beginning to confront demand, and the bullish momentum is no longer as fierce. In other words, the previous one-sided rally has shifted to a stalemate, and the next move depends on which side can hold out longer before losing control.