There's no need to overcomplicate the market analysis. Provide key levels in advance, follow the usual patterns, and the profit opportunities will be right in front of you. As long as you get the direction right and execute without hesitation, the money you want to make will naturally flow into your pocket.
First, let's talk about Bitcoin. From the four-hour chart, this wave has completely shifted from a previous rebound with no strength to an accelerated downtrend. The 88500 level has become a strong resistance. After the price got stuck here, it consecutively closed with bearish candles, and both the short-term moving averages and the middle Bollinger Band were effectively broken. Now, the middle band is starting to turn downward, and the rebound structure has been completely destroyed, with the bears regaining control. There appears to be some support around 86900 below, but in reality, the buying pressure is quite weak, and it doesn't form any reversal pattern. On the one-hour chart, after a volume-driven decline, the price has entered a weak consolidation phase. The rebound lacks volume, and the lows are gradually moving lower. This is a typical continuation of a downtrend, not a sign of a trend reversal.
Overall, Bitcoin's bearish trend is still ongoing. Even if there's a short-term rebound, it's just a trap for more buyers to repair the trend. Before the price truly stabilizes above key resistance levels, maintain a bearish mindset and be cautious of the risk of a double bottom.
Ethereum's rhythm is similar to Bitcoin, both weakening in tandem.
Reference trading ideas: Bitcoin: Short between 87800-88300, target 86500 Ethereum: Short between 2940-2960, target 2880
Manage your risks well, and set your stop-loss orders properly.
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WalletManager
· 10h ago
Breaking 88,500 is tough; this wave of bears definitely has strength. I’ve already cleared my positions, just waiting for the bottom to be tested.
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Once the middle band of the Bollinger is turned, there’s no support behind it. The 86,900 level for taking over is indeed weak.
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Is it a false rally to repair? Wake up, everyone. A second bottom test is the probable event. Don’t be fooled by the rebound.
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I’m optimistic about the 87,800-88,300 range. Short-term short position to try, with stop-loss set above 88,500.
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The key is whether the rebound has volume; a lower low indicates the trend isn’t over yet. That’s why I’m bearish.
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Many people still fantasize about stopping the decline, but in reality, the market sentiment has long dispersed, and on-chain data also confirms this.
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Holding onto your private keys is more important than holding onto chips. During a decline, it’s even more crucial to trust your multi-signature wallets.
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Following Ethereum’s lead is very reasonable. Wait until it truly stabilizes before entering; jumping in now makes you the bag holder.
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The significance of the 88,500 line is huge. If it breaks, it’s straight to 86,500, with no intermediate stops.
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No matter how professional the terminology, it can’t withstand the market’s weirdness. Risk factors should always come first.
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BlockchainArchaeologist
· 10h ago
Be careful with the trap of诱多; a rebound is a signal to cut the leeks.
View OriginalReply0
TommyTeacher
· 10h ago
It's the same old套路, a rebound must诱多, but this time the direction is indeed correct.
My understanding (briefly):
The 88500 resistance level is really stuck, the middle band turning down is a signal, and the bearish rhythm has taken hold.
I'm not very optimistic about the 86900 support, there's no strength to take over.
The lack of volume on the one-hour rebound is a detail; the lower lows indicate further consolidation, no rush to catch the bottom.
Bitcoin short-selling ideas are fine, but risk control is essential; set your stop-loss properly and don't set it randomly.
Ethereum is dragging behind and has no highlights.
View OriginalReply0
DeepRabbitHole
· 10h ago
If 88,500 can't be broken, then you have to admit defeat. This wave of shorting is indeed fierce.
Is it trying to lure more buyers again? I'm just worried about getting slapped in the face.
If 86,900 can't hold the support, then a second test is really needed.
Shorting at 2,940 feels a bit weak; let's see if it can drop to 2,880.
This decline feels a bit too fast; should a rebound be coming?
Setting stop-losses properly is indeed important, otherwise a quick retracement could trigger a blow-up.
All moving averages have turned around; still thinking about a rebound? That's overestimating.
View OriginalReply0
SleepyArbCat
· 11h ago
The 88,500 pressure level has been broken... The trap is happening again, and the alert time is limited. First mark 86,500.
There's no need to overcomplicate the market analysis. Provide key levels in advance, follow the usual patterns, and the profit opportunities will be right in front of you. As long as you get the direction right and execute without hesitation, the money you want to make will naturally flow into your pocket.
First, let's talk about Bitcoin. From the four-hour chart, this wave has completely shifted from a previous rebound with no strength to an accelerated downtrend. The 88500 level has become a strong resistance. After the price got stuck here, it consecutively closed with bearish candles, and both the short-term moving averages and the middle Bollinger Band were effectively broken. Now, the middle band is starting to turn downward, and the rebound structure has been completely destroyed, with the bears regaining control. There appears to be some support around 86900 below, but in reality, the buying pressure is quite weak, and it doesn't form any reversal pattern. On the one-hour chart, after a volume-driven decline, the price has entered a weak consolidation phase. The rebound lacks volume, and the lows are gradually moving lower. This is a typical continuation of a downtrend, not a sign of a trend reversal.
Overall, Bitcoin's bearish trend is still ongoing. Even if there's a short-term rebound, it's just a trap for more buyers to repair the trend. Before the price truly stabilizes above key resistance levels, maintain a bearish mindset and be cautious of the risk of a double bottom.
Ethereum's rhythm is similar to Bitcoin, both weakening in tandem.
Reference trading ideas:
Bitcoin: Short between 87800-88300, target 86500
Ethereum: Short between 2940-2960, target 2880
Manage your risks well, and set your stop-loss orders properly.