The evening market experienced a technical rebound after the previous decline. The weekend's oscillation and correction features are very obvious, but from the overall pattern, prices are still fluctuating within the range.
From the 4-hour K-line perspective, prices are moving near the upper band of the Bollinger Bands. When it previously fell, it found support at a key level, and the rebound structure is gradually being repaired. However, it should be clarified that this rebound is mainly due to technical warming and is not a trend reversal signal.
Zooming in to the 1-hour level, five consecutive downward candles have been smashed down recently, and the price only started to recover after touching the lower band of the Bollinger Bands. In an environment with insufficient liquidity over the weekend, this is a very normal rhythm. The short-term rebound ultimately is just indicator correction and sentiment recovery; do not treat it as the starting point of a new upward attack. After a small rebound, the market still needs some time for turnover and consolidation before deciding the next direction.
In terms of trading strategy, as long as the trend has not undergone a substantial reversal, the main logic is "short on rebounds encountering resistance."
Regarding BTC, consider short positions around 90,000, targeting the 89,000 to 88,500 range.
For ETH, consider short positions around 3,110, watching the 3,000 level.
Overall, the current pattern is a range-bound game, requiring patience to wait for clear feedback at key levels, then adding positions or taking profits accordingly.
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MeaninglessApe
· 01-05 06:41
Weekend market just like this, the rebound is to take a wave, don't overthink it.
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FlippedSignal
· 01-04 03:12
A rebound is just a rebound. Don't overthink it. Hold tight to your short positions, and that's it.
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AlwaysQuestioning
· 01-03 12:54
Weekend fluctuations are like this; when there's a rebound, go short. Don't overthink it.
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TestnetFreeloader
· 01-03 12:51
Here we go again with the sideways range; I know this routine well. Rebound and then sell off, endless cycle.
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GweiTooHigh
· 01-03 12:47
Here comes the technical rebound again. I just want to see how long this can hold up.
Indicator correction ≠ trend reversal. That's a fair statement, but I'm worried people might not listen.
Low liquidity over the weekend just causes more chaos. We'll see the real situation on Monday.
The 89,000 BTC level feels a bit shaky. Maybe it will break through again.
When facing resistance during a rebound, short. It sounds simple, but the actual operation is very challenging.
Consolidation and turnover require time, but I'm itching to act. What should I do?
This wave still depends on whether key levels are broken or not. Only after breaking can we determine the direction.
If ETH holds at 3000, there's still hope. If it breaks, wait for the next support.
Range-bound oscillation is the most annoying. Can't make money, can't lose money. Why bother?
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SchrodingerProfit
· 01-03 12:45
Another false rebound on the weekend. Don't be fooled.
Rebound = short. I've been tired of this logic for a long time.
Short 90000 BTC, short 3110 ETH. Is that all? Still waiting for turnover sedimentation?
Indicator repair ≠ trend reversal. I've heard this many times.
Poor weekend liquidity, is this how it should be handled? A bit boring.
Range trading is the most annoying, just spinning in the egg shell.
89000 is the real support, 88500 is a bit greedy.
ETH 3000 feels so far away...
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ProposalDetective
· 01-03 12:32
It's the same logic of rebounding and then selling again. I just want to ask, how long can this last this time?
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ImpermanentLossFan
· 01-03 12:30
Rebound then crash, I've been burned by this logic before. Are you still in a rebound now?
The evening market experienced a technical rebound after the previous decline. The weekend's oscillation and correction features are very obvious, but from the overall pattern, prices are still fluctuating within the range.
From the 4-hour K-line perspective, prices are moving near the upper band of the Bollinger Bands. When it previously fell, it found support at a key level, and the rebound structure is gradually being repaired. However, it should be clarified that this rebound is mainly due to technical warming and is not a trend reversal signal.
Zooming in to the 1-hour level, five consecutive downward candles have been smashed down recently, and the price only started to recover after touching the lower band of the Bollinger Bands. In an environment with insufficient liquidity over the weekend, this is a very normal rhythm. The short-term rebound ultimately is just indicator correction and sentiment recovery; do not treat it as the starting point of a new upward attack. After a small rebound, the market still needs some time for turnover and consolidation before deciding the next direction.
In terms of trading strategy, as long as the trend has not undergone a substantial reversal, the main logic is "short on rebounds encountering resistance."
Regarding BTC, consider short positions around 90,000, targeting the 89,000 to 88,500 range.
For ETH, consider short positions around 3,110, watching the 3,000 level.
Overall, the current pattern is a range-bound game, requiring patience to wait for clear feedback at key levels, then adding positions or taking profits accordingly.