$BTC BTC remains in the key resistance zone between 72K to 75K, where it is testing the range high and approaching the bear flag high. This is occurring 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 means caution should be maintained regarding new long positions. Shorting remains more appropriate. Observing CVD flow, we see significant spot distribution at these levels, while price is primarily supported by futures positions.

Meanwhile, USDT dominance is again approaching the 7.60% range low, potentially extending to approximately 7.35% bull flag low. As long as these flags remain intact, there is potential for eventually leading to lower levels in the market, which aligns with patterns we observed earlier this year. If these flags play out, my targets are to reach at least the bull flag high on USDT and the bear flag low on BTC over the coming weeks, and potentially break through these flags. I believe this will lead to a very volatile period for the crypto market. Similarities with price action from June 2022 remain.#加密市场上涨 ‌