Yesterday, I noticed a key detail: after BTC filled the weekly gap at a high level, a very obvious upper shadow formed on the daily chart. Looking at the 100 moving average, the moment the price completed the gap fill was also when it was suppressed by the moving average.

But the real question worth paying attention to is not whether the price has overextended, but whether there are any signs of bearishness hidden in the K-line from the day before yesterday.

Returning to the trend, the current price is still stuck inside the weekly gap and has not shown a clear signal of an upward breakout. On the contrary, this state is even more interesting — the structure has become more thought-provoking.

From the daily chart perspective, after the dip the day before yesterday, the price did not continue upward directly but instead pulled back into the gap area for digestion. The first dip seemed like a tentative probe; now, the movement looks more like a second round of verification testing.

Switching to the 1-hour chart, the price formed a double top near the midline of the weekly chart. However, this double top lacks alignment with market structure, making it look more like a pause at a high level rather than a true reversal.

In short-term trading, long positions have already taken profits. The next thing to watch is whether this mid-cycle double top will develop into a genuine reversal signal.

Currently, the volume has not increased, and the gap has not been effectively broken. My judgment is that this wave of market action is more about the main players accumulating and digesting at high levels, rather than the start of a reversal. The structure is still digesting, and the final answer has yet to be revealed.