On the hourly chart, the Bollinger Bands are widening downwards, with the middle band and upper band pressing the price lower. The short positions are quite aggressive in this wave, and whether the 85500 level can hold will depend on the subsequent movement.
The market structure is quite clear now - during the decline, there are large bearish candles driving the rhythm, while during the rebound, there are only small bullish candles and doji candles lingering around. The bulls basically have no strength, and the trading volume hasn't increased accordingly. Given this trend, the probability of continued weakness after the lunch break is quite high.
Here is a trading idea for everyone's reference:
For BTC, if it rebounds to the range of 86800-87500, consider taking a light short position, and keep a close eye on the key support at 85000 to ensure it doesn't break. For ETH, consider placing short positions if it rebounds to around 2850-2880, paying special attention to the strength of the support at 2750.
The market is weak, so manage your positions well and set your stop-loss accordingly.
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ChainBrain
· 12h ago
The short positions are really fierce this time, while the long positions seem to be pressed down and rubbed on the floor, having no strength to resist at all. If 85500 breaks, it will be serious afterwards.
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GateUser-e87b21ee
· 12h ago
The Bollinger Bands are wide open, the short positions are really strong. Can we see a rebound at 86800? It feels like the long positions are losing momentum.
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BrokenDAO
· 12h ago
The Bollinger Bands opening downwards, I've heard this trap too many times, and what’s the result? Every time someone is there to catch the falling knife. Whether 85500 breaks or not is still that group of retail investors gambling, while the institutions have long gotten out of positions.
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DustCollector
· 12h ago
I've seen this Bollinger Bands opening downwards setup so many times. If 85500 really can't hold, there might still be a play later.
Short positions are indeed fierce, but this kind of low-volume rebound is the easiest to get trapped. I'll wait and see for now.
The judgment of a weak afternoon session is reliable, be careful not to get washed out.
The Fed's interest rate cut theme is not moving, still have to look at the fundamental support.
I've noted this support at 2750, if it breaks, I'll run.
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OneBlockAtATime
· 13h ago
The Bollinger Bands are wide open like this, the long positions really have no chance. If 85500 breaks down, I will close all positions and lie flat.
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Is this again? Going short on the rebound, it feels like this is the routine every time. When can I profit from the reverse?
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I would be quite impressed if the Trading Volume doesn't follow this point; even trying to pump it doesn't work.
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If the market data is weak again in the afternoon, I might really have to consider stop loss; I can't stand this grinding.
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I see the support at 2750 is precarious; if it breaks, it will directly crash to 2600.
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Controlling Position is the right thing, but this market really is frustrating. Let's continue to gamble tomorrow.
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The short positions are indeed fierce this wave; my long order feels like it won't hold much longer.
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Is there a high probability of a rebound near 87500? Or is it just going to break down directly?
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To be honest, this market data looks particularly boring; there's not much opportunity to go long.
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MoneyBurner
· 13h ago
The Bollinger Bands are wide open, so I know I’m going to lose money. I bought the dip on ETH again yesterday, and now I regret it so much.
Shorting at 86800-87500? Bro, are you trying to make me lose again? Last time I directly got liquidated because of this operation.
Can 2750 really hold? It feels like it will break with just a poke, and then my stop loss order will become the dumb buyer’s cost price.
On the hourly chart, the Bollinger Bands are widening downwards, with the middle band and upper band pressing the price lower. The short positions are quite aggressive in this wave, and whether the 85500 level can hold will depend on the subsequent movement.
The market structure is quite clear now - during the decline, there are large bearish candles driving the rhythm, while during the rebound, there are only small bullish candles and doji candles lingering around. The bulls basically have no strength, and the trading volume hasn't increased accordingly. Given this trend, the probability of continued weakness after the lunch break is quite high.
Here is a trading idea for everyone's reference:
For BTC, if it rebounds to the range of 86800-87500, consider taking a light short position, and keep a close eye on the key support at 85000 to ensure it doesn't break. For ETH, consider placing short positions if it rebounds to around 2850-2880, paying special attention to the strength of the support at 2750.
The market is weak, so manage your positions well and set your stop-loss accordingly.