The recent market trend has not yet found a bottom, as this wave is not a true impulsive wave but more like a retracement process. It cannot be pushed up in one go.
In the short term, focus on the lower boundary support of the 6-hour K-line. Bitcoin has support in the 90000-90365 range, while Ethereum needs to hold the 3106 line. If these levels can stabilize, there should be further upward movement.
But what if they can't hold? Then be prepared for a deep correction. Based on the lower boundary of the daily K-line, Bitcoin may retrace to the 88000-88500 range, while Ethereum could fall to 2872-2956 or even around 3000.
Overall, only after this wave of correction ends will there be an opportunity to continue pushing up to the lower boundary of the 5-day K-line. The key is whether these recent support levels can hold.
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SignatureAnxiety
· 6h ago
It's the same old story... If you can't hold, you're doomed; if you hold, it keeps rising. Isn't that just talking nonsense?
Wait, can we really stay above 90,000 this time? It feels pretty uncertain.
Honestly, no one knows where the bottom is. Might as well just jump in and take a gamble.
With this momentum, it seems like a breakdown is inevitable in the end. Get ready to buy the dip, everyone.
Just looking at support levels isn't meaningful; the key is whether the funds are willing to enter the market.
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MindsetExpander
· 01-08 04:02
Another analysis that "seems professional but is actually just gambling luck," haha
If you can't hold, it retraces; if you hold, it continues to rise — isn't that just saying that since it has already fallen, it must rebound, and since it rebounds, it must fall?
I'm skeptical about the 90000 level; institutions have already been lurking below.
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SignatureDenied
· 01-08 04:01
Really? If the 90,000 level doesn't break, there's still hope. Once it drops, get ready to eat noodles.
If you can't hold it, you have to accept your fate. I think there's also a decent chance of seeing 888.
Is 3106 so critical for Ethereum? It feels like every time, this level saves the day.
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MevWhisperer
· 01-08 04:00
Waiting for the bottom again, is this time really different?
If you can't hold, just drop straight to 88,000? I bet fifty cents that this time it will be repeatedly shaken out again.
Stop hyping the 3106 line; it's been pierced through several times already.
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BlockchainBard
· 01-08 03:50
It's the same old story, feels like we're always trying to find the bottom.
If you can't hold on, it's game over, easy to say.
Once 90,000 breaks, it really gets nerve-wracking.
Ethereum has been stuck and can't move up, a bit annoying.
Let's wait and see, anyway I haven't sold.
The recent market trend has not yet found a bottom, as this wave is not a true impulsive wave but more like a retracement process. It cannot be pushed up in one go.
In the short term, focus on the lower boundary support of the 6-hour K-line. Bitcoin has support in the 90000-90365 range, while Ethereum needs to hold the 3106 line. If these levels can stabilize, there should be further upward movement.
But what if they can't hold? Then be prepared for a deep correction. Based on the lower boundary of the daily K-line, Bitcoin may retrace to the 88000-88500 range, while Ethereum could fall to 2872-2956 or even around 3000.
Overall, only after this wave of correction ends will there be an opportunity to continue pushing up to the lower boundary of the 5-day K-line. The key is whether these recent support levels can hold.