#数字货币市场回调 Position is something that needs to be built up slowly, you can't rush it. Whether you're doing swing trading or taking a long term approach, the key is to seize the opportunity when it arises. Of course, maintaining rationality is even more important—if you don't understand the market, don't force your way in.
Last night, Bitcoin was quite tangled, slowly dropping down, and at its worst, it crashed to around 83786. However, the bulls still showed some strength, pulling back some space, and now it's fluctuating around 84500. Ethereum wasn't much better, weakly fluctuating all night, with a low of around 2700 and then remaining stagnant. I must say that the drop in the early morning was indeed powerful; our bearish outlook from noon to evening was validated — Bitcoin took a hit of 1607 points, while Ethereum dropped 37 points.
Look at the daily chart. The price has consecutively formed three small bearish candles, followed by a large bearish candle that broke the support. It is now close to the lower Bollinger Band. Overall structure? It is still oscillating within a downward wave. Although today's bearish candle has a shadow below, indicating some short-term support, the situation of closing in the red is basically set. Based on the previous rebound, the momentum for the rebound has completely run out. Next, there is a high probability of a second bottom test to see if the lower Bollinger Band on the daily chart can hold.
How to play strategically? Consider shorting near 85300, targeting around the 83000 level. $BTC positions a short near 2760, targeting around 2650
Remember, trading is a process of accumulation. Keep a steady mindset, and opportunities will naturally come.
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Liquidated_Larry
· 4h ago
It's another wave of bottom testing, and the bearish logic is indeed sound. However, I didn't follow this time, as I can't understand the strength of this rebound; I'll wait for the signal from the lower band of the Bollinger Bands before making a move.
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SnapshotDayLaborer
· 4h ago
If the lower band of the Bollinger Bands really breaks this time, we will have to see the real situation.
Once again, a second bottom probe; it feels like the sell-off in the early morning was quite severe.
If you can't understand the order, don't force it; that's right.
Whether 83000 can hold is the key.
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ImpermanentPhobia
· 4h ago
The drop during the early hours was indeed fierce, more than 1600 points directly got dumped. It feels good, but it hurts the wallet.
The rebound lacks momentum; a second bottom test is probably unavoidable. Let's see if the lower band of the Bollinger Bands can hold.
Be cautious with shorting at 85300; it's better to miss out than to get trapped by reversing.
Wait a minute, this time it won't be a false breakout again, right? I was trapped last time.
I'm watching the short order at 2760, but I don't want to rush into entering a position just yet. I feel like there are other signals that haven't been confirmed.
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Degen4Breakfast
· 4h ago
The drop in the early morning was indeed satisfying. Whether the lower band of the Bollinger Bands can hold still depends on the situation. Anyway, I've already placed a short order at 85300, and the feeling of not having any coins in hand is really uncomfortable.
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PhantomMiner
· 4h ago
The fall in the early morning was indeed satisfying, the bearish outlook was validated, just have to hold on and not be greedy.
#数字货币市场回调 Position is something that needs to be built up slowly, you can't rush it. Whether you're doing swing trading or taking a long term approach, the key is to seize the opportunity when it arises. Of course, maintaining rationality is even more important—if you don't understand the market, don't force your way in.
Last night, Bitcoin was quite tangled, slowly dropping down, and at its worst, it crashed to around 83786. However, the bulls still showed some strength, pulling back some space, and now it's fluctuating around 84500. Ethereum wasn't much better, weakly fluctuating all night, with a low of around 2700 and then remaining stagnant. I must say that the drop in the early morning was indeed powerful; our bearish outlook from noon to evening was validated — Bitcoin took a hit of 1607 points, while Ethereum dropped 37 points.
Look at the daily chart. The price has consecutively formed three small bearish candles, followed by a large bearish candle that broke the support. It is now close to the lower Bollinger Band. Overall structure? It is still oscillating within a downward wave. Although today's bearish candle has a shadow below, indicating some short-term support, the situation of closing in the red is basically set. Based on the previous rebound, the momentum for the rebound has completely run out. Next, there is a high probability of a second bottom test to see if the lower Bollinger Band on the daily chart can hold.
How to play strategically?
Consider shorting near 85300, targeting around the 83000 level.
$BTC positions a short near 2760, targeting around 2650
Remember, trading is a process of accumulation. Keep a steady mindset, and opportunities will naturally come.