Looking at BTC's recent candlestick patterns, yesterday's daily chart closed with a bearish candle featuring a long lower shadow. There have been three consecutive bearish candles, but this long lower shadow actually reveals quite a bit of information——clear bottom support. This kind of movement typically indicates a rebound space next week on the technical side, with the initial target around the key level of 96.
Looking at the 4-hour chart, it gets interesting. Although there have been three consecutive bullish candles, the MACD still shows a red signal, indicating that buying momentum is actually waning. Coupled with decreasing trading volume, this suggests that the short-term upward trend may not be sustainable. My judgment is that today and the weekend are likely to see sideways to downward movement. There's no need to rush to chase highs; instead, look for positions to build long orders at lower levels.
Pay close attention to these price levels: 90368, 89351, 88475. These are potential support zones. Before placing orders, make sure to control your position size and manage your own risk—don't let a single market move decide your account.
ETH's trend is basically synchronized with BTC, following the same logic: find good low positions to add longs, and don't overcomplicate it.
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AirdropHarvester
· 01-11 10:11
Haha, not really. A long lower shadow just means a rebound. I'm tired of hearing this explanation.
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It's the same few levels again. Dare to try a different approach?
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Managing positions is easy to say, but when the market actually moves, it’s a real headache.
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Why is the number 88475 so precise? It feels like it’s been predicted to death.
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ETH following BTC is so exhausting. When will we see an independent trend?
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Buying on dips sounds simple, but the problem is, who knows which dip is actually the low?
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When MACD turns red, it’s often losing momentum. And what about when it’s green? That logic is a bit forced.
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A weekend of oscillation and decline, huh? Let’s see how you talk your way out of this.
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This analysis feels like armchair quarterbacking after the fact. Just say it earlier.
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Don’t let a single market move decide your account, but often, that move is what determines whether you get liquidated.
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RiddleMaster
· 01-09 01:47
The long lower shadow in this wave is indeed interesting, but I feel we still need to wait for the weekend to confirm the volatility.
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AlwaysMissingTops
· 01-09 01:47
The long lower shadow does indicate some rebound potential, but I'm still hesitant to chase it. Let's wait and see over the weekend.
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WhaleWatcher
· 01-09 01:33
The long lower shadow is okay; there are still bottom signals, but the real key is whether 88 can hold.
Looking at BTC's recent candlestick patterns, yesterday's daily chart closed with a bearish candle featuring a long lower shadow. There have been three consecutive bearish candles, but this long lower shadow actually reveals quite a bit of information——clear bottom support. This kind of movement typically indicates a rebound space next week on the technical side, with the initial target around the key level of 96.
Looking at the 4-hour chart, it gets interesting. Although there have been three consecutive bullish candles, the MACD still shows a red signal, indicating that buying momentum is actually waning. Coupled with decreasing trading volume, this suggests that the short-term upward trend may not be sustainable. My judgment is that today and the weekend are likely to see sideways to downward movement. There's no need to rush to chase highs; instead, look for positions to build long orders at lower levels.
Pay close attention to these price levels: 90368, 89351, 88475. These are potential support zones. Before placing orders, make sure to control your position size and manage your own risk—don't let a single market move decide your account.
ETH's trend is basically synchronized with BTC, following the same logic: find good low positions to add longs, and don't overcomplicate it.