Friends who shouted to short yesterday should have made some profits, right? However, those who took profits early probably earned a little less.
Looking at the market, the various indicators are basically bearish. However, both KDJ and RSI have dropped into the oversold zone, and based on experience, there will be a technical correction in the short term, providing a chance for a rebound. Today's strategy is to wait for the bounce before continuing to short.
My market reference: If it bounces to the range of 86500-87500, consider entering the market, with a target at the 85200 level. Look for opportunities to short near 2880, with support at 2740 below.
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.
15 Likes
Reward
15
3
Repost
Share
Comment
0/400
ChainPoet
· 11h ago
Those who took profit early are regretting it; this rebound space indeed requires buying the dip.
---
Wait, does an RSI oversold condition always mean there will be a rebound? I feel like this time is a bit different.
---
I'm also observing BTC at this position, but I always feel like the bottom hasn't been reached yet.
---
Oh my, I'm going to short again; I've already taken my pants off.
---
The repair of the oversold area is inevitable; it just depends on the strength of the rebound.
---
Those who took profit are probably cursing right now, haha.
---
Entering at 87500 feels a bit anxious; I think it can still fall further.
---
The key is whether ETH can hold the support at 2740.
---
Before shorting, make sure that the rebound has really come.
---
Indeed, shorting yesterday was enjoyable; today I'm going to enter a position again.
View OriginalReply0
StableGenius
· 11h ago
ngl the oversold bounce logic here is actually pretty standard textbook stuff, but let me explain why the timing window matters more than most realize—empirically speaking, these mean reverts tend to fizzle out harder when broader macro flows stay negative, which, contrary to popular belief, most retail traders completely miss until it's too late
Reply0
LidoStakeAddict
· 11h ago
Damn, yesterday was really amazing, I woke up and directly made money. But now I'm starting to struggle with whether to chase the price.
#数字货币市场回升 12/1 Update:
Friends who shouted to short yesterday should have made some profits, right? However, those who took profits early probably earned a little less.
Looking at the market, the various indicators are basically bearish. However, both KDJ and RSI have dropped into the oversold zone, and based on experience, there will be a technical correction in the short term, providing a chance for a rebound. Today's strategy is to wait for the bounce before continuing to short.
My market reference:
If it bounces to the range of 86500-87500, consider entering the market, with a target at the 85200 level.
Look for opportunities to short near 2880, with support at 2740 below.