The form of Bitcoin is indeed clear at a glance. It is currently still in the correction phase, so don't think about a direct one-sided market.
Looking at the four-hour chart, the bullish and bearish candlesticks are switching back and forth, and the overall center of gravity is gradually moving downwards during the entire oscillation process. Although there are bears, the intensity is not strong, indicating that this is not a sudden drop, but rather a repeated probing of the bottom. There have been several instances of long lower shadows appearing below, which indeed shows that there is capital stepping in, but this kind of stepping in seems more like delaying time rather than a true reversal signal.
Switching to the 1-hour chart, the signs of weakness become more apparent. After the box was broken, the central point sank accordingly, forming a suppression with the moving averages. The magnitude of each rebound is decreasing, and judging by this rhythm, it is clear that the market is accumulating strength for the next breakdown.
Keep it straightforward in operations: Look for short opportunities for BTC around 88000, with the first target at 85000. As for ETH, it is mainly bearish around 3000, and pay attention to the 2800 level below.
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.
10 Likes
Reward
10
5
Repost
Share
Comment
0/400
SighingCashier
· 4h ago
It's the same old routine of repeatedly testing the bottom, really annoying.
Let's try shorting at 88000 to test the waters.
The moving average pressure is so obvious, the rebound is also diminishing, it feels like a breakdown is just around the corner.
Shorting ETH at 3000 seems a bit tempting, but something feels off...
Is the buyer delaying? Then let's just keep waiting, after all, they can't escape.
View OriginalReply0
bridgeOops
· 5h ago
88000 shorting, sounds pretty good!
View OriginalReply0
Rugpull幸存者
· 5h ago
It's another delay tactic, the funds are just putting on a show.
Seeing through it but not saying it, just wait for the breakout.
Shorting at 88000 seems a bit early, let's wait a bit longer.
85000 is the real position to take action.
ETH is really weak this time, it feels like it will dip further.
View OriginalReply0
GasFeeAssassin
· 5h ago
Here we go again, repeatedly testing the bottom is just trying to fool me into going all in.
Everyone is trapped to the point of numbness, yet still hoping for a dumb buyer.
Looking at 85 from 88, fine, I choose to lie flat.
It's all a trick, the central point sinking is just the market maker accumulating.
I do remember that 2800 level, just waiting to buy the dip.
View OriginalReply0
FrontRunFighter
· 5h ago
nah this is classic accumulation disguise, those wicks? dead giveaway of whale games... they're literally frontrunning retail panic sells lmao
The form of Bitcoin is indeed clear at a glance. It is currently still in the correction phase, so don't think about a direct one-sided market.
Looking at the four-hour chart, the bullish and bearish candlesticks are switching back and forth, and the overall center of gravity is gradually moving downwards during the entire oscillation process. Although there are bears, the intensity is not strong, indicating that this is not a sudden drop, but rather a repeated probing of the bottom. There have been several instances of long lower shadows appearing below, which indeed shows that there is capital stepping in, but this kind of stepping in seems more like delaying time rather than a true reversal signal.
Switching to the 1-hour chart, the signs of weakness become more apparent. After the box was broken, the central point sank accordingly, forming a suppression with the moving averages. The magnitude of each rebound is decreasing, and judging by this rhythm, it is clear that the market is accumulating strength for the next breakdown.
Keep it straightforward in operations: Look for short opportunities for BTC around 88000, with the first target at 85000. As for ETH, it is mainly bearish around 3000, and pay attention to the 2800 level below.