$BTC After the early morning spike to 93200, it was pushed down directly, bottoming out around 90900 before stabilizing. Now it's grinding back and forth in the 92000-92700 range. On the daily chart, bullish momentum has turned bearish and the upward move is losing steam. The wedge pattern is quite obvious on the hourly chart, and the rebound in the past two days has clearly lacked strength.
From a technical perspective, keep an eye on two key levels: 90000 below is crucial support; if it doesn't hold, we may see further downside. On the upside, 95500 is significant resistance and a short-term breakout is unlikely.
For trading, I personally prefer to set up short positions on rallies. You can consider a light position to test shorts in the 92600-93100 area, targeting the 91500-91000 range.
$ETH Following BTC's trend, if there's a rebound near 3230-3195, you can short as well, with a downside target of 3100-3060.
The overall strategy is to short on rebounds and wait for a proper correction before reconsidering. Be sure to control your position size and avoid chasing highs.
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JustAnotherWallet
· 16h ago
Still dilly-dallying? Whether 90,000 breaks or not is the real key. Feels like this rebound really lacks momentum.
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Ser_APY_2000
· 12-05 05:01
Once 93200 got pushed down, it was clear it was over. This rebound is as weak as paper, so you should cut your losses on any rallies.
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SnapshotBot
· 12-05 05:01
When it plunged down from 93200, I knew nothing good would happen today. Going short was definitely the right direction.
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ZkSnarker
· 12-05 05:00
ngl the wedge compression on btc is textbook stuff but like... "反弹即空" is such a crypto twitter moment lmao. everyone's suddenly a technician after watching one youtube video about support levels, imagine if trading was actually this straightforward 💀
Reply0
RektCoaster
· 12-05 04:57
Uh, this wave is another bounce to short, huh. I’m shorting every single day, when will I finally get an easy win?
View OriginalReply0
TideReceder
· 12-05 04:56
93,200 got hit really hard. This rebound doesn't have much strength—feels like there's really not much room left.
View OriginalReply0
TommyTeacher1
· 12-05 04:42
The moment it dropped from 93200, I knew today was a lost cause. Time to add to our short positions, brothers.
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ProofOfNothing
· 12-05 04:37
The moment it dropped to 93200, I knew today would be all about consolidation. Sure enough, it's just dragging on in this range again—so frustrating.
#美SEC促进加密资产创新监管框架 Friday midday outlook is here
$BTC After the early morning spike to 93200, it was pushed down directly, bottoming out around 90900 before stabilizing. Now it's grinding back and forth in the 92000-92700 range. On the daily chart, bullish momentum has turned bearish and the upward move is losing steam. The wedge pattern is quite obvious on the hourly chart, and the rebound in the past two days has clearly lacked strength.
From a technical perspective, keep an eye on two key levels: 90000 below is crucial support; if it doesn't hold, we may see further downside. On the upside, 95500 is significant resistance and a short-term breakout is unlikely.
For trading, I personally prefer to set up short positions on rallies. You can consider a light position to test shorts in the 92600-93100 area, targeting the 91500-91000 range.
$ETH Following BTC's trend, if there's a rebound near 3230-3195, you can short as well, with a downside target of 3100-3060.
The overall strategy is to short on rebounds and wait for a proper correction before reconsidering. Be sure to control your position size and avoid chasing highs.