#BTC资金流动性 Ethereum's recent trend is indeed a bit weak, there wasn't much movement during yesterday's trading hours, and we have to wait until the early morning for some space to be released.
ETH has attempted to rise multiple times at the position of 3077 but has not succeeded, ultimately being knocked back down, dropping directly from the high to 2961, a decline of about a hundred points. This indicates that the bulls currently have little power.
From the four-hour chart, the price of Bitcoin is oscillating around the middle band of the Bollinger Bands, with several rebounds being suppressed. Although there are occasional small rebounds, the trading volume does not keep up, and the rebound strength is particularly weak, unable to gain traction, with upward momentum basically exhausted.
The hourly chart is more intuitive—Bollinger Bands have tightened from expansion, and the MACD has also formed a death cross with increasing volume, indicating that the bearish momentum is gradually accumulating.
In the short term, if Ether rebounds around 3057 and 3020, it is a good point for a short position layout, with a focus on the support levels at 2960 and 2900 below.
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CountdownToBroke
· 12-23 03:40
Another fall of about a hundred points, the longer really has no energy, feeling like it's going to break 2900.
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GateUser-75ee51e7
· 12-23 03:39
It's another market like this, ETH really has no temper
Both long and short are stuck, feels like we need to wait a bit longer.
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CommunityLurker
· 12-23 03:38
Both weak and breaking down, why is this market so frustrating... long positions are really lacking energy.
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PhantomHunter
· 12-23 03:34
Short positions are accumulating, while long positions have run out of steam; it feels like this wave of the market is just gathering strength.
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defi_detective
· 12-23 03:30
It's another weak market like this, sleeping during the day and only having action at night, truly ridiculous.
The long positions this time are really lacking energy, can't even break through 3077 and got smashed back, it's just frustrating to watch.
With such a dismal trading volume, the rebound strength is as fragile as paper, I bet the short positions are about to start.
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MonkeySeeMonkeyDo
· 12-23 03:24
This wave of ETH is really lackluster, the long positions are already out of ammo.
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BTCBeliefStation
· 12-23 03:17
It's another weak market like this, can't see anything during the day, only in the early morning is there hope, it's exhausting.
Can't break above 3077, the long positions really lack energy.
Bollinger Bands are narrowing, and the MACD is showing a death cross, it seems like the short positions are about to gain momentum.
Around 3020 is indeed a good shorting opportunity, just need to see if it can hold above 2900.
With this kind of fluctuation every day, when can we expect a decent market?
#BTC资金流动性 Ethereum's recent trend is indeed a bit weak, there wasn't much movement during yesterday's trading hours, and we have to wait until the early morning for some space to be released.
ETH has attempted to rise multiple times at the position of 3077 but has not succeeded, ultimately being knocked back down, dropping directly from the high to 2961, a decline of about a hundred points. This indicates that the bulls currently have little power.
From the four-hour chart, the price of Bitcoin is oscillating around the middle band of the Bollinger Bands, with several rebounds being suppressed. Although there are occasional small rebounds, the trading volume does not keep up, and the rebound strength is particularly weak, unable to gain traction, with upward momentum basically exhausted.
The hourly chart is more intuitive—Bollinger Bands have tightened from expansion, and the MACD has also formed a death cross with increasing volume, indicating that the bearish momentum is gradually accumulating.
In the short term, if Ether rebounds around 3057 and 3020, it is a good point for a short position layout, with a focus on the support levels at 2960 and 2900 below.