From the current 1-hour chart situation, this rebound still has the possibility of continuation, but the extent will be limited by the "resistance level and Trading Volume". It can continue slightly, but it is difficult to have a "large-scale Rebound": the current Trading Volume on the 1-hour chart has not significantly increased, which is a "passive repair", and coupled with the fact that the downward trend has not been completely broken, the rebound will be "slowly moving upwards in a volatile manner", rather than a "quick pump". The key is whether it can hold above $2880: if it can break through this position with higher trade volumes, it indicates that capital has started to actively take positions, and the rebound will continue to push towards higher resistance levels.
View Original
[The user has shared his/her trading data. Go to the App to view more.]
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
From the current 1-hour chart situation, this rebound still has the possibility of continuation, but the extent will be limited by the "resistance level and Trading Volume". It can continue slightly, but it is difficult to have a "large-scale Rebound": the current Trading Volume on the 1-hour chart has not significantly increased, which is a "passive repair", and coupled with the fact that the downward trend has not been completely broken, the rebound will be "slowly moving upwards in a volatile manner", rather than a "quick pump". The key is whether it can hold above $2880: if it can break through this position with higher trade volumes, it indicates that capital has started to actively take positions, and the rebound will continue to push towards higher resistance levels.