Crypto circle has never made money from time; it's about whether you have patience and dare to act when opportunities come. Price fluctuations are just numbers bouncing around; as long as the direction is correct, you'll eventually break even. Don't pay too much attention to each candlestick; stay calm, understand the overall trend, and wait for the real opportunity.
You can understand this by looking at Bitcoin's recent performance. After a rapid drop to 86,355 some time ago, a clear long lower shadow appeared at the bottom, indicating that funds were absorbing the sell-off, and no one was willing to buy the dip. Although it then rebounded, the market shifted from continuous decline to stabilization and recovery, with no new lows at the bottom and the highs gradually moving upward. The four-hour chart is approaching the short-term moving average again, but each time it nears 88,000, there is resistance, with upper shadows repeatedly appearing. This is still a technical rebound within a downtrend, not a trend reversal. Although there are bullish candles on the one-hour chart, their bodies are short, and the volume is moderate, which looks more like bears are covering their positions and sentiment is recovering. So, caution is still needed; a spike could lead to a pullback.
The short-term strategy is: short Bitcoin in the 87,800 to 88,300 range, targeting around 86,500; short Ethereum in the 2,950 to 2,980 range, targeting around 2,880. The overall trend remains bearish; the rebound is just an opportunity to get in.
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DegenWhisperer
· 9h ago
Uh, it's the same old story. Every time they say wait for the right opportunity and watch the overall trend, then they turn around and let the market short out... Shorting at 87,800 sounds pretty intimidating, but it'll probably be another drama of a violent reverse surge.
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StablecoinSkeptic
· 9h ago
Another set of arguments claiming "if the direction is right, you can break even"—heard it a thousand times... However, this time's technical analysis is pretty good; that 86355 long lower shadow is indeed interesting. But to be honest, every time they say the rebound is a good entry point, and what happens? Still get trapped. I feel uncomfortable at the 88000 level; it seems like it could drop at any moment.
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GateUser-9f682d4c
· 9h ago
Hmm... That's true, but right now the pace still feels too fast. I need to take another look at the short covering and rebalancing.
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CoffeeNFTrader
· 9h ago
Talking about mindset again, can mindset make you money? I think the 86355 wave was just funds accumulating. Now that there's a rebound, do we still need to short? This logic is a bit shaky.
Crypto circle has never made money from time; it's about whether you have patience and dare to act when opportunities come. Price fluctuations are just numbers bouncing around; as long as the direction is correct, you'll eventually break even. Don't pay too much attention to each candlestick; stay calm, understand the overall trend, and wait for the real opportunity.
You can understand this by looking at Bitcoin's recent performance. After a rapid drop to 86,355 some time ago, a clear long lower shadow appeared at the bottom, indicating that funds were absorbing the sell-off, and no one was willing to buy the dip. Although it then rebounded, the market shifted from continuous decline to stabilization and recovery, with no new lows at the bottom and the highs gradually moving upward. The four-hour chart is approaching the short-term moving average again, but each time it nears 88,000, there is resistance, with upper shadows repeatedly appearing. This is still a technical rebound within a downtrend, not a trend reversal. Although there are bullish candles on the one-hour chart, their bodies are short, and the volume is moderate, which looks more like bears are covering their positions and sentiment is recovering. So, caution is still needed; a spike could lead to a pullback.
The short-term strategy is: short Bitcoin in the 87,800 to 88,300 range, targeting around 86,500; short Ethereum in the 2,950 to 2,980 range, targeting around 2,880. The overall trend remains bearish; the rebound is just an opportunity to get in.