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The bearish flag pattern for ETH has basically completed. The first wave of decline formed the flagpole, followed by consolidation creating the flag surface, and currently, a downward break has been chosen. Yesterday’s oscillation likely misled many into thinking it was a rectangular correction, but after a false breakout, the market quickly turned downward.
Once the flag pattern is established, the typical decline magnitude is usually similar to the first wave of the flagpole, and no clear reversal signal has appeared yet.
From the 4-hour perspective, the downward trend will continue. There a
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GoodLuckComesFastvip:
Stay strong and HODL💎
BTC this wave is an accelerated decline after breaking the rising wedge pattern, currently breaking below support. Yesterday's small rebound was weak, just reaching 90,000 and then falling back, which can be misleading.
The downward trend is still ongoing, and it is not recommended to bottom fish. If you want to go long, wait for the 83,000-80,000 area. In the short term, the bearish momentum is weakening, and there may be a small rebound to 87,000-88,000, but the range is limited. After the rebound, shorting remains the main strategy, with a target of 83,000-80,000.
The daily chart shows no s
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GoodLuckComesFastvip:
Just go for it💪
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BTC Today Market Analysis:
Yesterday, BTC continued to decline, breaking through the support around 88k in one move and temporarily stabilizing around 85k. Now, we need to observe how strong the rebound is and whether a short-term bottom might form here.
From the short-term trend perspective, rebounding from 85k is a positive sign, but whether the rebound can sustain remains to be seen. The first resistance level upward is around 88k; only by regaining above 88k can it potentially regain strength and form a decent bottom. $BTC #美联储降息预测
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周周来了cryptovip:
Just go for it💪
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Recent movements are mostly shakeouts, with bulls and bears frequently tugging, showing no clear dominance. Although there was a strong decline last Friday and yesterday, the direction remains uncertain. The price dropped to 87,000, encountered resistance, and rebounded. Since falling to around 80,000 on the 20th of last month, it has been gradually oscillating and rebounding, forming a flag pattern correction zone. This is a continuation pattern in a downtrend, and the overall long-term outlook remains pessimistic.
In the short term, the market is moving within a correction channel. Yesterday
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As scheduled, the $200 million long position of 89,000 was completely wiped out in liquidation. Currently, the liquidation concentration is all above. If it drops to 83,000, there will be a total of $1.1 billion in short positions liquidated. If it rises to 98,000, there will be $3.2 billion in short positions liquidated. If it reaches 120,000, there will be $8 billion in short positions liquidated. The overall trend remains bullish; the short-term is just a retracement. The oscillation range is not a pattern! Manage risks! Strategies also have a time limit! If there is space, just go with the
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Very good, today was not wasted, time to wash up and sleep. #Gate11月透明度报告出炉 #美联储降息 #广场发帖领$50 #ETH #BTC
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周周来了cryptovip:
冲就完了💪
Good food is not afraid of being late, good things are not afraid of being slow. 🐕Zhuang is following Zhou Zhou's approach and has earned 25,000 dollars. #Gate11月透明度报告出炉 #美联储降息 #广场发帖领$50 #BTC #ETH
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周周来了cryptovip:
Great job
It was sideways all day, luckily I caught a surge in the morning, otherwise it would have been too exhausting. #美联储降息预测 #加密市场反弹 #广场发帖领$50 #BTC #ETH
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Calm and steady, progressing steadily!
Bitcoin at 1848 points, $12,000!
Ally at 70 points, $2,000!#美联储降息预测 #广场发帖领$50 #加密市场反弹 #BTC #ETH
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The mistress pulls back to around 3200-3160 for buying, aiming for 3300-3400! Breakthroughs will continue to go higher.
#美联储降息预测 #广场发帖领$50 #加密市场反弹 #BTC #ETH
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Thursday Analysis
After the Federal Reserve's rate cut and Powell's speech, Bitcoin's volatility remains high. It initially surged upward, reaching around 94,400 points, then started a downward trend. Currently around 90,000, it has dropped more than 4,000 points.
Today's trading strategy mainly focuses on buying the dips. There is a high probability that the price will break below the 90,000 support level, but it's not a big problem; a pullback is a good opportunity to go long.
Bitcoin is between 89,600 and 89,100, with an outlook to 93,500. If it doesn't break, you can hold. Once it breaks t
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BTC 1900-point range is easily handled again; the key to trading is precision, not frequency! #成长值抽奖赢iPhone17和周边 #十二月行情展望 #广场发帖领$50 #BTC #ETH
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周周来了cryptovip:
Hop on board!🚗
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