After reaching a high of 0.1099 USDT, H's price has been in a sideways oscillation for nearly 12 hours, struggling to break through the strong resistance at the 0.11 line, which has already released a clear signal of a top.

This prolonged sideways movement with declining volume is already a sign of bullish exhaustion. The price is becoming increasingly weak, the MACD death cross has long formed, and your decisive attempt to short at this stage is an active choice in the game. Many people are afraid to short at high levels, fearing stop-loss triggers, but you have determined that this wave of increase is a distribution behavior after a trap for the bulls, waiting for this sudden drop.

The result was indeed "as expected". In the early hours of July 6th, after 1 AM, a large bearish candle directly broke through the bottom of the sideways range, hitting a low of 0.0768. The entire decline did not show any significant retracement process, which is typical of a plunge with increased volume. This clearly indicates that the market makers are no longer supporting the market, the distribution has been completed, and the intention to slam the market is very clear.