2026-01-07 03:21:24

Looking at the recent market trend, it's indeed quite interesting. The daily K-line arc bottom pattern has initially appeared, and the five consecutive days of upward rally have also boosted the morale of many bulls, but there are quite a few nuances behind this.

After a rapid surge a couple of days ago, there was a sharp correction in the middle of the night, directly exposing the divergence between bulls and bears. Currently, this oscillating market is definitely a shakeout pattern—volatility is ridiculously high, and there’s hardly any clear trend.

The early rebound precisely hit around 93,500, which is a key area. This level has been tested multiple times in previous market cycles and has formed a heavy resistance zone. Our repeated attempts to break through have failed to establish a firm footing, and the selling pressure above is clearly visible. The technical indicators also signal a clear bearish trend: the MA7 and MA30 have formed a death cross downward, indicating the short-term trend remains suppressed; during the rebound, trading volume has weakened simultaneously, and price and volume are diverging, which shows that upward momentum is seriously lacking. Plus, with a thick pile of floating profits at high levels, any slight market disturbance will cause profit-taking to surge out, further increasing volatility.

To be honest, this current rebound is not a sign of a new main upward wave starting; instead, it provides a good opportunity for bears to set up. The influx of new funds has not yet been confirmed, and the market lacks the momentum for sustained upward movement. At such times, instead of blindly chasing the rally, it’s more prudent to "be rational and cautious, and follow the trend for strategic positioning."

Operational suggestions:

For Bitcoin, consider gradually shorting in the 93,200-94,000 range, first watch for support at 92,000 and 91,500. If these levels are broken effectively, then look towards 90,000, with a stop loss above 94,500.

For Ethereum, look for opportunities to short around 3,300, with targets first at 3,180, and if broken, extend to 3,060, with a stop loss above 3,080.

BTC1,7%

ETH0,67%

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HackerWhoCares

· 01-10 03:21

Starting to talk about death crosses and divergences again, the same old story, brother. --- 93500 about to be smashed again? I bet five bucks it'll rebound tonight. --- Short position setup? Uh... I'm still debating whether to bottom fish. --- Every time they talk about shakeouts, but after so long, I haven't seen the main upward wave. --- Trading volume weakens? Isn't that just the behavior at the bottom zone? Think in reverse. --- Another wave of counter-trend moves is coming soon. Feels like the market specializes in all kinds of analysis. --- With so many floating profits, I'll just wait to bottom fish. Haha.

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MysteryBoxBuster

· 01-09 23:41

93500 this level hasn't been broken again, it seems like the washout really didn't work. The death cross has appeared, and chasing the rally is probably truly suicidal. The volume divergence is so obvious, and the floating profit positions are so thick, still want to push higher? Haha. I'm short now, see you at 92000. This rebound is just giving the bears a knife. Both MA7 and MA30 have formed death crosses, why are people still buying? I don't understand. Feels like 93500 is the ceiling, if it can't go up, just wait for a reversal. Break 92000 and head towards 90000, step by step, don't be greedy. The incremental funds haven't come in yet, why are you buying? It's really unreasonable. Tried several times but couldn't stabilize, this buying volume is too weak.

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BlockImposter

· 01-08 15:01

The 93,500 level is really holding strong. I watched it three times and it didn't break, indicating that the bears' defense is quite fierce.

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BetterLuckyThanSmart

· 01-07 03:48

It's the same old trick of shaking out the market, truly impressive. --- That 93,500 level is really tough; the bulls tried several times but couldn't hold. --- The divergence in trading volume is a very clear signal; the blood of chasing the rally will flow. --- I'm not chasing anymore; I'll wait for the breakdown confirmation. --- The floating profit positions are so thick that even a slight breeze will cause profit-taking. --- Still hoping this rebound will turn into the main upward wave? Wake up, everyone. --- I'm setting up short positions and waiting; anyway, time is on my side. --- The MA death cross is really a wake-up call; it's time to reduce positions.

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MetaMisfit

· 01-07 03:41

Uh, this death cross really can't be held back anymore. The high-level bagholders, get ready to be washed out. --- 93500 is the key resistance. I've said it many times, all the attempts to break through are fake, and the trading volume clearly shows no strength. --- Another bunch of people chasing the rally, so exciting, I just watch. --- Shorts' setup opportunity? Fine, I’ll trust you this once. Break below 93200 and try to test the waters. --- Where is the promised main upward wave? Is this it? I’ll just quietly watch you hurt each other. --- With such thick floating profits, a slight wind and they run. There’s no real bullish force in this market at all. --- Ethereum short at 3300, this position is indeed attractive. I also want to get in. --- Every rebound follows this routine: wash out the traders and then cut again, cycle repeats. --- Let’s wait for 90000, everyone. This time I trust the analysis. --- Downward death cross + volume divergence, logically sound, just depends on whether the market cooperates.

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BearMarketBarber

· 01-07 03:41

We just can't get past the 93,500 hurdle, it's really a bit frustrating. Sometimes it pulls up, sometimes it crashes down. I think this shakeout will continue to be tumultuous.

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StakeOrRegret

· 01-07 03:36

93500 is really a hurdle, every time it's captured, it's a bit annoying. I'm tired of hearing about the death cross downward; I just want to see when it will really break down. The floating profit volume is ridiculously thick, just waiting for a reason to run. This rebound feels like a gift to the bears, I've realized. The divergence in trading volume has fooled me several times; do I believe it this time?

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zkProofGremlin

· 01-07 03:35

Another dead cross downward, tired of hearing about the floating profit positions. Short positions? Let’s wait and see if there’s another unexpected spike. Breaking 93500 is the key; it’s too early to draw conclusions now. With the market so volatile, how can anyone accurately pinpoint positions? What are they bragging about? Relying on the lack of incremental funds and shouting short? That logic is a bit flawed. Can a death cross on the MA just mean it’s time to get off? Last year, there were many such signals, but in the end, it just reversed and surged. Volume divergence is interesting, but it doesn’t necessarily mean a downward move. The levels at 92000 and 91500 seem too idealized; the actual trend probably won’t be so obedient. Instead of following this kind of strategy, I prefer to stay on the sidelines and wait until the trend is confirmed. Whether this rebound is a shakeout or a trap to induce shorts, no one can be sure without clear signals of incremental entry.

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FOMOSapien

· 01-07 03:31

93500 this level确实压得死死的, every rebound都被暴击, it really seems like there's no motivation left. I'm also planning to short along with the market, just worried about being hit by a reverse move again. --- Death cross downward, volume-price divergence, you're right, this is a typical trap to lure more buyers. But the problem is, why doesn't it rebound after going down? This market is really dead. --- At first, I thought this rebound was the start of a main upward wave, but it turned out to be a shakeout, a classic chop-and-sell routine, losing a lot. --- I trust the death cross signal, but setting the stop-loss at 94500 feels a bit tight, worried it might get swept out easily. --- With such a thick floating profit, even a slight breeze causes sell orders to surge out. Retail investors like us are just the bagholders, it's tough. --- I'm also watching the 92000 level, just waiting for the break to confirm the trend, then add to short positions. --- Shorting ETH at 3300 is a good point, but the fee is a bit high, repeatedly taking losses feels like the cost is too much.

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