#美联储恢复降息进程 How to view tonight? The short positions pattern hasn't changed, the rebound is an opportunity.
Today’s market continues to be a grind, overall still weak and oscillating downwards. During the early hours, the price briefly reached around 83800, after stabilizing it surged a little, and is now consolidating around 85400; Ethereum's performance is also similar, hitting a low of 2710 during the day for some support, currently oscillating between 2750-2760, with both buyers and sellers lacking strength.
The technical aspects are very clear. The daily price has been consistently below the moving average, the Bollinger Bands are opening downwards, and the price is running along the lower band, with short positions holding absolute dominance. In recent attempts to push upwards, the pressure level has not been broken, and the strength of the rebounds has been weakening each time. It is likely that we will continue to move downwards to test several key support levels below. Looking at the four-hour level, the trading volume during each rebound is shrinking, making it impossible to form a decent breakout, and the magnitude of the rises is far less than the speed of the declines—this is a typical sign of weak recovery. The moving average system shows a bearish arrangement, and the MACD is flat at a low level, indicating that the bearish energy has not yet been exhausted.
The evening trading strategy is very clear: catch the rebound to short positions. Focus on the resistance area above, enter the market when the rebound is in place, and profit along with the trend.
$BTC : A Rebound to the 85500-85800 range can consider short positions, targeting 83500.
Ethereum: Layout short positions at the 2780-2800 level, target 2650
The expectation of the Federal Reserve cutting interest rates is still brewing, but short-term market sentiment is cautious. As long as the technical short positions structure is not broken, operations should still respect the trend.
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.
12 Likes
Reward
12
5
Repost
Share
Comment
0/400
RugDocScientist
· 10h ago
Another day of dragging on, Rebound is getting cut, this rhythm is all too familiar.
View OriginalReply0
StableBoi
· 10h ago
Grinding and falling, cut it when it rebounds, I'm too familiar with this trap.
View OriginalReply0
¯\_(ツ)_/¯
· 10h ago
Here we go again with the tormenting market, Rebound and short it, when will this pattern change?
View OriginalReply0
Layer2Observer
· 10h ago
A rebound with shrinking Trading Volume is essentially a bear trap, and this logic is sound. However, it needs to be clarified that the Fed's interest rate cut cycle is indeed brewing, but the market pricing may not have fully reacted yet, and we need to see how subsequent data speaks.
View OriginalReply0
GasFeeLady
· 10h ago
ngl the volume tapering on every bounce is literally screaming capitulation setup... gas watching mode activated, waiting for that optimal entry window 🤓
#美联储恢复降息进程 How to view tonight? The short positions pattern hasn't changed, the rebound is an opportunity.
Today’s market continues to be a grind, overall still weak and oscillating downwards. During the early hours, the price briefly reached around 83800, after stabilizing it surged a little, and is now consolidating around 85400; Ethereum's performance is also similar, hitting a low of 2710 during the day for some support, currently oscillating between 2750-2760, with both buyers and sellers lacking strength.
The technical aspects are very clear. The daily price has been consistently below the moving average, the Bollinger Bands are opening downwards, and the price is running along the lower band, with short positions holding absolute dominance. In recent attempts to push upwards, the pressure level has not been broken, and the strength of the rebounds has been weakening each time. It is likely that we will continue to move downwards to test several key support levels below. Looking at the four-hour level, the trading volume during each rebound is shrinking, making it impossible to form a decent breakout, and the magnitude of the rises is far less than the speed of the declines—this is a typical sign of weak recovery. The moving average system shows a bearish arrangement, and the MACD is flat at a low level, indicating that the bearish energy has not yet been exhausted.
The evening trading strategy is very clear: catch the rebound to short positions. Focus on the resistance area above, enter the market when the rebound is in place, and profit along with the trend.
$BTC : A Rebound to the 85500-85800 range can consider short positions, targeting 83500.
Ethereum: Layout short positions at the 2780-2800 level, target 2650
The expectation of the Federal Reserve cutting interest rates is still brewing, but short-term market sentiment is cautious. As long as the technical short positions structure is not broken, operations should still respect the trend.