Crypto Bulls Lost the Wheel
Why?
Because when price breaks out, then immediately stalls and starts chopping instead of expanding higher, it usually means buyers are not confident enough to defend the move aggressively. That hesitation becomes an invitation and bears see it as: “Okay… if you’re not pushing, we’re going to test you.”
And that’s exactly what happened.
That visible bullish weakness, combined with sell signals from the indicators, brought bears back into the game. Within just one day, they delivered a full invalidation of the earlier breakout above the neckline.
Technical meaning of that price action?
This is the market saying: “That breakout didn’t stick.” And once a breakout gets invalidated, it often flips from “bullish…
