Currently, Bitcoin is hovering near the lower Bollinger Band, which from a technical perspective is an oversold area. After the Bollinger Bands contract and then open upward, there is a high probability of a rebound.
In terms of indicators, although DIF is still below DEA and MACD is also negative, the key is to look for divergence signals on the bottom. If the price continues to decline but the green bars shorten or even stop making new lows, it indicates that the bears are weakening and the bulls are quietly accumulating strength — this is a bullish signal.
Specific trading strategy: For Bitcoin, consider entering on a pullback to the 91000-90300 range. Focus on the 92000-93500 zone above; once broken, expect further gains. For Ethereum, similar logic applies: enter around the 3135-3090 pullback zone, with an eye on the 3200-3300 range, and continue to chase higher after a breakout.
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JustHodlIt
· 5h ago
If the bearish divergence really occurs, it will be a buying opportunity. Wait for that signal.
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BearMarketSurvivor
· 01-07 19:54
Bearish divergence signals that it's time to get in; the signs of a bearish exhaustion are very clear.
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Degen4Breakfast
· 01-07 19:54
If this divergence actually occurs, you better jump on the train quickly.
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down_only_larry
· 01-07 19:53
The bearish divergence is real. Wait until the green bars stop making new lows, then act.
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Frontrunner
· 01-07 19:49
Bearish divergence appears, and the bears are definitely finished.
Currently, Bitcoin is hovering near the lower Bollinger Band, which from a technical perspective is an oversold area. After the Bollinger Bands contract and then open upward, there is a high probability of a rebound.
In terms of indicators, although DIF is still below DEA and MACD is also negative, the key is to look for divergence signals on the bottom. If the price continues to decline but the green bars shorten or even stop making new lows, it indicates that the bears are weakening and the bulls are quietly accumulating strength — this is a bullish signal.
Specific trading strategy: For Bitcoin, consider entering on a pullback to the 91000-90300 range. Focus on the 92000-93500 zone above; once broken, expect further gains. For Ethereum, similar logic applies: enter around the 3135-3090 pullback zone, with an eye on the 3200-3300 range, and continue to chase higher after a breakout.