#BinanceABCs The market is still fluctuating, but now the bears are clearly in control of the rhythm. If you want to seize the opportunity, you should focus on shorting during rebounds.
Let's look at it from several timeframes:
**Daily Chart**: $BTC has already fallen to the lower band of the Bollinger Bands, which is still extending downward, indicating there is still room below. The bearish momentum is continuously building, making an immediate reversal difficult.
**4-Hour Chart**: The situation is even more obvious. The upper, middle, and lower lines of the Bollinger Bands are all moving downward in unison, fully dominated by the bears. A few nights ago, there was a rebound to the middle band, but it was immediately pushed down. The middle band has now become a strong resistance level, with rebounds being crushed, indicating that the bulls' strength is waning.
The core trading logic remains: short on every rebound.
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MetaverseHomeless
· 12-17 02:30
The short squeeze was indeed fierce this time, but I didn't see the rebound crash, gotta keep a close eye.
Shorting on rebounds sounds easy, but when it comes to critical moments, my hands really start to tremble.
The lower band of the Bollinger Bands is still dropping, how much deeper is it going to go?
Are the bulls really exhausted, or are they just gathering strength?
The middle band acts as a resistance level; it feels like the next rebound is still coming.
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JustAnotherWallet
· 12-17 02:28
Sell every rebound? Sounds easy, but can you really make money, huh?
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The lower band of the Bollinger Bands is still extending downward. This time, the bears really have no intention of easing up.
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The middle band has become a resistance level. The bulls really don't have much strength left.
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Buy the dip to short, it sounds simple but you need to hit the right points to do it.
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This time, the rhythm is definitely controlled by the bears. I’m optimistic.
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DegenWhisperer
· 12-17 02:17
Jumping into short positions at every rebound sounds easy, but in reality, it's easy to get crushed and doubt life itself.
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The lower band of the Bollinger Bands is still extending, which sounds a bit scary, but I've seen too many rebounds being suppressed before.
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Is the bear control? I feel like some people are still bottom-fishing these days. Don't be so absolute, okay?
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The middle band turning into a resistance level is true; every time there's a rebound, it indeed gets pushed down.
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I really want to know when this wave of bears will truly end. Currently, shorting is just a gamble.
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I've heard this logic of shorting on every rebound so many times, but the problem is, when should I take profit? Holding on all the time makes me anxious.
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NonFungibleDegen
· 12-17 02:01
ngl the bounce trap is literally free money at this point, bears eating good rn fr fr
#BinanceABCs The market is still fluctuating, but now the bears are clearly in control of the rhythm. If you want to seize the opportunity, you should focus on shorting during rebounds.
Let's look at it from several timeframes:
**Daily Chart**: $BTC has already fallen to the lower band of the Bollinger Bands, which is still extending downward, indicating there is still room below. The bearish momentum is continuously building, making an immediate reversal difficult.
**4-Hour Chart**: The situation is even more obvious. The upper, middle, and lower lines of the Bollinger Bands are all moving downward in unison, fully dominated by the bears. A few nights ago, there was a rebound to the middle band, but it was immediately pushed down. The middle band has now become a strong resistance level, with rebounds being crushed, indicating that the bulls' strength is waning.
The core trading logic remains: short on every rebound.