The current price is around 2990, to be honest, the trend is a bit awkward.
First, let's look at the 4-hour level: the price is pressed below the middle band of the Bollinger Bands and cannot rise above it. The MACD has already crossed bearish, and the bars are turning green, which makes this quite clear—short-term bulls are taking a break, and bears are beginning to take control of the rhythm. The Bollinger Bands channel is narrowing, and the one-sided rally has temporarily come to a halt; what follows may be a high-level grinding fluctuation.
When DIF crosses below DEA, it basically signals: the upward momentum is exhausted, and the risk of a pullback is brewing.
What should we do?
I tend to operate this way:
If it rebounds to the range of 3010-3040, consider opening a light short position, targeting 2970 to 2920, with a stop loss set just above 3040. As long as risk is controlled, it will be fine.
What if it really falls to around 2970? You can try going long, aiming for 3000-3020, with a stop loss below 2950.
In short, now is not the time to chase after more; be patient and wait for the structure to give a signal.
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Rugpull幸存者
· 8h ago
I've seen the death cross signal of the Bollinger Bands too many times, and the results have been a constant back and forth. However, this time it does feel a bit hollow... Let's see if I can catch a rebound around 2970 and try my luck.
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LightningSentry
· 11h ago
Damn, I knew I had to reduce position with the MACD death cross, why did I only realize it now?
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ChainMaskedRider
· 19h ago
The Bollinger Bands have formed a death cross, and you still want to chase rising prices? Isn't that looking for death? I'm waiting to see if there's a rebound around 2920; it is indeed awkward right now.
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shadowy_supercoder
· 19h ago
The middle band of the Bollinger Bands can't hold up, this rhythm is indeed awkward, short positions are sensing something.
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JustHodlIt
· 19h ago
The position at 2990 is indeed awkward, and I am also observing it. I've heard about the Bollinger Bands death cross trap too many times; every time they say it will fall, but what happens? Anyway, I'm just holding on and will wait until the trend really changes.
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ETH_Maxi_Taxi
· 19h ago
The death cross on the Bollinger Bands is indeed quite obvious, the signal for short positions taking over is too clear. Chasing rising prices right now is really asking for trouble.
#数字资产市场观察 Morning outlook
The current price is around 2990, to be honest, the trend is a bit awkward.
First, let's look at the 4-hour level: the price is pressed below the middle band of the Bollinger Bands and cannot rise above it. The MACD has already crossed bearish, and the bars are turning green, which makes this quite clear—short-term bulls are taking a break, and bears are beginning to take control of the rhythm. The Bollinger Bands channel is narrowing, and the one-sided rally has temporarily come to a halt; what follows may be a high-level grinding fluctuation.
When DIF crosses below DEA, it basically signals: the upward momentum is exhausted, and the risk of a pullback is brewing.
What should we do?
I tend to operate this way:
If it rebounds to the range of 3010-3040, consider opening a light short position, targeting 2970 to 2920, with a stop loss set just above 3040. As long as risk is controlled, it will be fine.
What if it really falls to around 2970? You can try going long, aiming for 3000-3020, with a stop loss below 2950.
In short, now is not the time to chase after more; be patient and wait for the structure to give a signal.