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PumpAnalyst

2025-12-02 05:10:22

#数字货币市场回调 12:00 PM market observation notes on February 2nd

The trend has been quite obvious in recent days - on the daily chart, there were three small bearish candles first, and then yesterday a large bearish candle came in, breaking through the previous support level in one go. Now the price is hovering close to the lower edge of the Bollinger Bands. Although today's candlestick has created a bit of a lower shadow, indicating that there are buyers stepping in below, overall it still closed bearish, showing a weak trend.

Looking at the four-hour chart again, after two consecutive declines, there is indeed a small rebound, but this rebound is obviously lacking strength. The bulls seem to be squeezing toothpaste, unable to reclaim lost ground. I think this is more like a breather after a significant drop, merely a technical correction with insufficient momentum. The moving averages are even more direct, with all cycles showing a bearish alignment pushing downwards. Is it even possible to reverse the four-hour downtrend with such a weak rebound? Basically impossible.

Here is a trading idea for everyone's reference:
Consider shorting around 87000, aiming for a target of around 86000.
Place a short position near 2825 for $BTC , targeting around 2775.

The current market correction is not over yet, everyone should pay attention to risk control when operating.

BTC0.43%

ETH4.32%

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0xOverleveraged

· 6m ago

It's another slow grind; this rebound has no strength at all. With the Bollinger Bands hugging the lower edge and such an obvious bearish setup, you really think there will be a rebound? Wishful thinking. I need to keep a close eye on the BTC 87000 level; it really feels like heavy resistance. ETH broke down so hard, 2775 does seem likely, but I still want to wait a bit longer. The market isn't done yet—it's just a trap. This pullback feels like it could drag on forever.

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RugpullSurvivor

· 19h ago

Squeezing toothpaste, haha. The bulls are really hopeless in this state. The Bollinger Bands have been hugging the bottom for so long, there’s definitely still room to sink. Shorts on BTC are indeed appealing at this position, just worried about a sudden rebound smashing me. ETH feels like it needs to break down once more before it bottoms out. This rebound is really weak. Just manage your risk well. Anyway, we have to wait for a real breakdown before we see a true reversal. Don’t be too greedy.

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LayerHopper

· 12-02 05:39

It's another toothpaste market, are the bulls this weak? The bearish arrangement is so obvious, still hoping for a rebound? Dreaming. The Bollinger Bands are near the lower edge, it should be clear that it will fall now. Those catching the falling knife are true warriors, I'm a bit scared. I'm optimistic about shorting, just afraid of a long wick candle coming at night.

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TokenomicsPolice

· 12-02 05:38

It's another slow market, with such a clear short positions arrangement, why is there a Rebound? --- The Bollinger Bands are at the bottom, this lower wick can't fool anyone, it's still weak. --- A short order at 87000 has already been lying in ambush, just waiting for the breakout. --- Why are the long positions so weak? It feels like it will fall further. --- ETH is following along, 2825 is indeed a good point for a short order. --- This pullback is not over, everyone must manage risk well. --- Thinking a small Rebound will turn the tables? Dream on! --- All moving averages are in short positions, technical Rebounds sound nice, but I'm just watching. --- With the rhythm of BTC and ETH, it feels like we need to continue exploring the bottom. --- The long positions squeezing out is really annoying, better to play with the short positions.

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HalfPositionRunner

· 12-02 05:38

I've seen this situation of the Bollinger Bands sticking to the bottom many times, the long positions really lack energy. I'm also watching this short order at 87000, just afraid of a Rebound smashing back. The description of squeezing toothpaste is perfect, this is the feeling of not being able to pump. All moving averages are in a short positions arrangement, don't expect a turnaround in the short term. ETH 2825 is indeed a good position for shorting, just as you see. It's once again the most critical moment for risk control, the account still needs to survive. This wave of adjustment feels like it hasn't completely finished yet, let's just wait and see.

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SchrodingerAirdrop

· 12-02 05:38

The bottoming process has started again, and this wave really doesn't have much rebound strength. Short BTC at 87000, I’m also watching this position, just afraid it's another false break. ETH at 2825 can be tried, but everyone must manage risk well. The long positions really have no strength left, it feels like it has to fall a bit more before there’s a turnaround. When will this pullback reach the bottom? It's exhausting to watch every day.

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TommyTeacher1

· 12-02 05:21

The Bollinger Bands are touching the lower edge, and the bulls are weak. We still have to look for short positions in this wave. --- It's another slow market, really annoying. When will we see a decent Rebound? --- Seeing 86000, I'll hold onto the short order for now. Just make sure to manage the risk well. --- ETH is really in a dangerous position. If 2775 can't break, there might still be room for a dip. --- The moving averages are all in a short positions arrangement. This Rebound is just a trap, don’t get carried away. --- Every time it's just a technical fix, thinking about buying the dip, and end up getting slapped in the face. Be smarter, everyone. --- Once the support level is breached, it ends up like this. Weakness is weakness, nothing more to say. --- Let's wait and see. I feel like it hasn't hit the bottom yet. Keeping 87000 empty for now. --- The lower wick catching a falling knife is an illusion, it will continue to drop later. Don’t be fooled. --- Risk management can save lives. Don’t be overconfident in this market.

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