From the 4-hour chart, it surged to the upper band but was hammered down. The bears have been increasing volume over the past two days, effectively breaking below the middle band as well. Now the price is approaching the lower band. The Bollinger Bands are clearly tightening and pressing downward little by little. The indicators on the chart also point in one direction—continue to be bearish. Structurally, there are no clear signs of a bottom yet, and the possibility of a rebound is not high.
The morning's thinking is this: as long as there's a rebound, consider shorting.
Specifically: - If it rebounds to the 3170 – 3190 area, consider entering a short position - Keep a close eye on the 3100 – 3070 target below
In simple terms, go with the trend, don't be greedy, use small positions, wait for the market to move on its own.
$BTC $BNB Also, keep an eye on the movements on that side, as the correlation is quite strong.
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ForeverBuyingDips
· 01-10 23:54
Bollinger Bands are narrowing and pressing downward. This bearish move is indeed fierce. Entering a short position on the rebound at 3170 feels a bit safer, but I'm just worried about being crushed back and then reversing repeatedly.
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GamefiEscapeArtist
· 01-10 04:28
The Bollinger Bands are tightening and pushing downward, this is the rhythm of the bears over the past couple of days. I also find it a bit uncomfortable; the rebounds are smashed quite decisively. The 3170 area is indeed tempting, but we really need to wait before taking action.
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AltcoinHunter
· 01-09 08:41
The Bollinger Bands are narrowing and pressing downward, and this signal is indeed clear. If there's a rebound, I'll buy in; I accept that. I'm just worried about getting itchy and selling early.
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BanklessAtHeart
· 01-08 02:08
The bears have indeed been gaining momentum these past two days, and the Bollinger Bands are tightening quite aggressively. However, I still want to wait and see if any signs of a trend reversal appear before taking action.
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RugResistant
· 01-08 02:03
The bears are so aggressive, they crash the rebound—it's the old trick.
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GhostChainLoyalist
· 01-08 01:44
Selling off again, this pace is really incredible.
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CryptoSourGrape
· 01-08 01:42
Damn, it got knocked back again. If only I had entered the short position without hesitation this morning.
#MSCI未排除数字资产财库企业纳入范围 $ETH This morning's trend is a bit interesting.
From the 4-hour chart, it surged to the upper band but was hammered down. The bears have been increasing volume over the past two days, effectively breaking below the middle band as well. Now the price is approaching the lower band. The Bollinger Bands are clearly tightening and pressing downward little by little. The indicators on the chart also point in one direction—continue to be bearish. Structurally, there are no clear signs of a bottom yet, and the possibility of a rebound is not high.
The morning's thinking is this: as long as there's a rebound, consider shorting.
Specifically:
- If it rebounds to the 3170 – 3190 area, consider entering a short position
- Keep a close eye on the 3100 – 3070 target below
In simple terms, go with the trend, don't be greedy, use small positions, wait for the market to move on its own.
$BTC $BNB Also, keep an eye on the movements on that side, as the correlation is quite strong.