Observing the trends of BTC and ETH, the 4-hour chart shows that prices are still oscillating within a downward channel, with weak bearish characteristics remaining evident.
Although there have been some bullish rebounds during the trading process, the rebound magnitude has always been limited, appearing more like technical rebounds during a continuous decline, lacking substantial upward momentum.
From a technical perspective, the Bollinger Bands are continuously widening, with the middle and lower bands moving downward in sync. More importantly, the candlestick arrangement exhibits typical bearish features—this pattern clearly indicates that the downward trend is likely to continue. Based on these technical indicators, the current downward momentum is expected to persist.
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MetaverseVagrant
· 22h ago
Talking about short positions again, this rebound is really a bit disappointing.
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DaisyUnicorn
· 12-24 21:45
Diving again, this rebound is like a paper flower—crumbling at a touch, showing no real momentum.
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LiquidatedTwice
· 12-24 21:45
It's the same old story again: a rebound is just a rebound. Why dress it up as some technical move... Just short it directly, and it's done.
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MetaMaskVictim
· 12-24 21:44
It's that kind of rebound that can't save the situation, truly hopeless.
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SchrodingerProfit
· 12-24 21:44
Still pulling for a rebound, really exhausted.
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BlockchainTherapist
· 12-24 21:23
Another rebound like this, it's exhausting to watch... It's really just a false recovery trapped within a decline.
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MetaverseMortgage
· 12-24 21:22
Here comes the harvest again; a rebound is just a trap for the bears. This kind of saying is old news.
Observing the trends of BTC and ETH, the 4-hour chart shows that prices are still oscillating within a downward channel, with weak bearish characteristics remaining evident.
Although there have been some bullish rebounds during the trading process, the rebound magnitude has always been limited, appearing more like technical rebounds during a continuous decline, lacking substantial upward momentum.
From a technical perspective, the Bollinger Bands are continuously widening, with the middle and lower bands moving downward in sync. More importantly, the candlestick arrangement exhibits typical bearish features—this pattern clearly indicates that the downward trend is likely to continue. Based on these technical indicators, the current downward momentum is expected to persist.