$BTC BTC remains in a critical resistance zone between 72K and 75K, where it is testing the range high and approaching the bearish flag high. This occurs within our broader BTC resistance zone that extends to 72K to 80K. Following this retest, BTC has shown a 4-hour bearish divergence, while USDT dominance has shown a 4-hour bullish divergence. This suggests caution should be maintained with regard to new long positions. Shorting remains more appropriate. Observing CVD flows, we see substantial spot distribution at these levels, while price is primarily supported by derivatives positions.

Meanwhile, USDT dominance is again approaching the 7.60% range low, potentially extending to around the 7.35% bullish flag low. As long as these flags don't break down, there is potential for the market to ultimately reach lower levels, consistent with patterns we observed earlier this year. If these flags play out, my target is to reach at least the bullish flag high on USDT over the coming weeks, and the bearish flag low on BTC, and potentially even break through these flags. I believe this will lead to a very volatile period for the crypto market. There remain similarities with price action from June 2022.#加密市场上涨