Bitcoin 4-hour chart forms a green close, indicating that short-term upward momentum has not diminished, and further upside potential is expected. It is unlikely to turn downward immediately at this stage; a more probable scenario is a slow top-building process or continued rebound. The performance of different cryptocurrencies varies significantly—some coins represented by SFP may be more prone to direct decline, but Bitcoin, as a mainstream currency, usually has more time to confirm the top. At least until a clear signal is formed on the daily chart, the probability of aggressive decline is low, and the market is more likely to be in a consolidation phase with oscillations.
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Bitcoin 4-hour chart forms a green close, indicating that short-term upward momentum has not diminished, and further upside potential is expected. It is unlikely to turn downward immediately at this stage; a more probable scenario is a slow top-building process or continued rebound. The performance of different cryptocurrencies varies significantly—some coins represented by SFP may be more prone to direct decline, but Bitcoin, as a mainstream currency, usually has more time to confirm the top. At least until a clear signal is formed on the daily chart, the probability of aggressive decline is low, and the market is more likely to be in a consolidation phase with oscillations.