#密码资产动态追踪 Midday Market Breakdown: Short-term Resistance Analysis for Bitcoin and Ethereum



After last night's plunge, the US stock market's rally this time barely stopped the bleeding. But honestly, this kind of rebound is like taking morphine—it feels good for a moment, but the core problem hasn't been solved—momentum is still downward.

$BTC touched 91600 and was pushed back, $ETH is stuck around 3150 and can't move, leaving very limited room for a rebound. Why? Because this isn't a reversal; it's just technical correction after a decline.

Looking at the 4-hour chart makes it clear. The trend is weak, Bollinger Bands are already starting to open downward, and after the price broke below the lower band, it can only rely on small bullish candles to inch upward, with no real strength. Moving averages are in a full bearish alignment, and various indicators are contradicting each other. In short, the bulls have little say, and the bears are still dominating the market.

Based on this judgment, the strategy is simple—continue shorting on rebounds.

For Bitcoin, consider shorting around 91500, with targets in the 88000 to 87000 range. Ethereum is similar; enter short positions near 3150, with targets at 3050 to 3000. That's the market, just wait and see.
BTC0.13%
ETH0.55%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
FromMinerToFarmervip
· 2h ago
Morphine effect haha, indeed the rebound is weak, and the bears are still the main players.
View OriginalReply0
GreenCandleCollectorvip
· 6h ago
Another rebound like this, it won't last long at all.
View OriginalReply0
APY_Chaservip
· 01-09 08:42
Damn, it's another rebound in a dead market, and the bears are still enjoying it.
View OriginalReply0
GasFeeNightmarevip
· 01-09 08:29
Another weak rebound, is this really more effective than morphine?
View OriginalReply0
MEVVictimAlliancevip
· 01-09 08:21
The rebound is just a trap to lure buyers. The current bearish pattern hasn't been broken yet. Keep looking for a decline, and it'll be over.
View OriginalReply0
DegenTherapistvip
· 01-09 08:14
The morphine effect has worn off; it's time to wake up. The bears still need to keep dancing.
View OriginalReply0
RooftopVIPvip
· 01-09 08:08
Starting the bearish alignment again. Can it really drop to 87 this time? I feel like I say this every time.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)