Yesterday, the market surged to around 93,000 before starting to pull back, with a low of 90,600. Up to now, there hasn't been any significant rebound. The 91,500 level we set in the middle, which is just a few hundred points away, remains unbroken. Overall, the upward momentum is still relatively weak.
From the candlestick pattern, after breaking out of the triangle consolidation, there was no further acceleration upward. Instead, it returned to the previous oscillation zone. This indicates that the selling pressure above is quite heavy. Just as it looked like a breakout was imminent, it was pushed back down. If this continues, it’s likely we’ll keep toying around this level for a while.
The short-term rhythm is as follows: yesterday, it declined all day, and this morning, it continued to test the lows. It repeatedly tested the previous high-low turning points. So during the day, it will basically start from this level as the point of oscillation and continue to fluctuate around here.
The trading strategy is quite simple: buy low and sell high. You can short in batches around 90,500 to 90,000, and look for targets between 91,800 and 92,300 above.
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MoonlightGamer
· 11h ago
It got hammered down again, the selling pressure really can't be withstand
Buy the dip and sell the rally, it's that simple and straightforward
Keep testing here repeatedly, might as well tinker all day
Shorts in the 90000 range in batches, see you at 92300
Break above and then come back down, a typical false breakout pattern
This round of rally really can't gain momentum, feeling a bit exhausted
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liquidation_surfer
· 15h ago
Got pushed back again, this repetitive momentum is really impressive.
If you can't push up, then keep grinding here, buy low and sell high.
Cut at 90500, see if it can hit 92300.
This momentum is indeed a bit weak.
With such heavy selling pressure, what are we breaking through?
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PessimisticOracle
· 01-09 17:59
It got hammered down again, I really can't take it anymore.
After all this fuss, I'm still hanging around here. When will there be a real breakthrough?
Be patient with high selling and low buying; don't let repeated tests ruin your mindset.
Trying a short at 90500, let's see how long it can hold this time.
It feels like the sell orders above are really fierce, and I have to keep wasting time in consolidation.
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AirdropHunter420
· 01-08 22:57
Damn, it's been hammered back again. The selling pressure really can't be sustained.
Buy low and sell high, just play it like that. Anyway, I can't run away.
So damn annoying, oscillating here every day. When will it break through?
Short at 90500, gamble on whether it can rebound to 92300.
This momentum is too weak, feels like it will continue to fluctuate for a while.
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MetadataExplorer
· 01-08 04:02
Hit back again, this sell-off is really fierce
Just buy low and sell high, anyway, it's going to fluctuate again
Isn't it annoying to test repeatedly? Just drift between 90,000 and 91,800
What’s the point of a breakout? Just a false breakout
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ChainChef
· 01-08 04:01
nah this recipe's half-baked rn... sellers keep seasoning the dip before it even rises properly tbh
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MetaLord420
· 01-08 04:01
Been hammered back again, really getting on my nerves
Buy high, sell low, it's that simple and straightforward
With such heavy selling pressure, how can we break through?
90000 is still lurking, waiting for a rebound to smash
Tossed around all day, but there's still so little room, it's boring
This lousy market keeps testing my patience over and over
View OriginalReply0
FarmToRiches
· 01-08 03:59
It’s been hammered down again, this sell-off is really fierce.
Just buy low and sell high, nothing new.
If the breakout fails, we’ll have to keep messing around, so annoying.
Does anyone dare to take over at 90,000?
How long will the fluctuations last before a clear direction emerges?
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MEVSupportGroup
· 01-08 03:58
It got hammered down again; this selling pressure is no joke.
Just buy high and sell low, what else can I do? Repeatedly test those key levels, and that's it.
If it can't break through, I have to keep trying. Let's see if we can hold the 91800-92300 range.
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MechanicalMartel
· 01-08 03:55
Getting hammered down again, this time it's really a bit annoying.
Just buy high and sell low, and it's done. Anyway, I still have to keep messing around.
Yesterday, the market surged to around 93,000 before starting to pull back, with a low of 90,600. Up to now, there hasn't been any significant rebound. The 91,500 level we set in the middle, which is just a few hundred points away, remains unbroken. Overall, the upward momentum is still relatively weak.
From the candlestick pattern, after breaking out of the triangle consolidation, there was no further acceleration upward. Instead, it returned to the previous oscillation zone. This indicates that the selling pressure above is quite heavy. Just as it looked like a breakout was imminent, it was pushed back down. If this continues, it’s likely we’ll keep toying around this level for a while.
The short-term rhythm is as follows: yesterday, it declined all day, and this morning, it continued to test the lows. It repeatedly tested the previous high-low turning points. So during the day, it will basically start from this level as the point of oscillation and continue to fluctuate around here.
The trading strategy is quite simple: buy low and sell high. You can short in batches around 90,500 to 90,000, and look for targets between 91,800 and 92,300 above.