#美SEC推动加密创新监管 I watched the market data all day yesterday, and to be honest, I was a bit disappointed. I was originally waiting for a decent rebound, but it just didn’t come, so I simply held a Short Position and observed. Now the price is wobbling back to the 87000 position.
From the daily level, the lowest point hit around 83800 the day before yesterday and began to rebound. However, the problem is that the trading volume has not increased at all and has been shrinking. What's worse is that the OBV indicator is still sliding down, indicating that the willingness of bottom funds to support is not strong. In this case, it is difficult to determine whether it is a real stabilization or a false drop; we need to continue observing the volatility range to confirm.
On the short-term level, the Rebound is currently stuck below the moving average resistance level, and the strength is clearly insufficient. In terms of operations, consider gradually placing Short Positions in the range of 86800-87100, and if you're more aggressive, you can also try at 87800.
Focus on the lifeline of 85200-84700 downwards. If it breaks, we are heading towards a new low; if it holds, it is likely to fluctuate between 85-90.
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GateUser-c799715c
· 13h ago
The situation of shrinking volume, to put it simply, is that no one dares to catch a falling knife. I am also just lying flat and observing.
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SolidityJester
· 13h ago
The shrinkage of volume is indeed annoying; who would dare to act recklessly if no one is there to catch a falling knife?
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CryptoGoldmine
· 13h ago
The shrinking trading volume is indeed a bit disheartening, and the decline in OBV is even more painful. However, from the perspective of computing power yield ratio, this low period is actually a good time for the mining return cycle to shorten.
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NFT_Therapy
· 13h ago
It's hard to say about the decline in volume; it feels like we are just bottoming out. Let's be patient and wait.
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RamenStacker
· 13h ago
If the trading volume doesn't pick up, don't make random trades; this kind of bottoming out is the easiest to get trapped. It's much better to wait for signals with a Short Position than to guess blindly.
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AirDropMissed
· 14h ago
The shrinking volume is really a headache; it feels like we're just testing the waters repeatedly, which is pointless.
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UnluckyMiner
· 14h ago
It's another false Rebound, the Trading Volume is so bad that I've already run away.
#美SEC推动加密创新监管 I watched the market data all day yesterday, and to be honest, I was a bit disappointed. I was originally waiting for a decent rebound, but it just didn’t come, so I simply held a Short Position and observed. Now the price is wobbling back to the 87000 position.
From the daily level, the lowest point hit around 83800 the day before yesterday and began to rebound. However, the problem is that the trading volume has not increased at all and has been shrinking. What's worse is that the OBV indicator is still sliding down, indicating that the willingness of bottom funds to support is not strong. In this case, it is difficult to determine whether it is a real stabilization or a false drop; we need to continue observing the volatility range to confirm.
On the short-term level, the Rebound is currently stuck below the moving average resistance level, and the strength is clearly insufficient. In terms of operations, consider gradually placing Short Positions in the range of 86800-87100, and if you're more aggressive, you can also try at 87800.
Focus on the lifeline of 85200-84700 downwards. If it breaks, we are heading towards a new low; if it holds, it is likely to fluctuate between 85-90.
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