#BinanceABCs Market sentiment rebounds as expected, but the strength is far less than imagined. The overall trading session feels like a spring being pressed down—repeatedly pulled and entangled in sideways consolidation, with a day filled with pointless tug-of-war.
Here's the key point—don't be fooled by this rebound. It's not a signal of a trend reversal; frankly, it's just a technical breather after a sharp decline earlier. We clearly outlined our thinking from the morning: the rebound is only to facilitate shorting. Now the price has perfectly hit the previously set short entry zone, making it the right time to decisively act and position.
Looking at the four-hour chart, although the four consecutive bullish candles look impressive, the K-line is just touching the middle band of the Bollinger Bands—this is the real battleground between bulls and bears. Whether the middle band can hold will directly determine when this correction ends and also how much further decline is possible.
Don't ignore the big picture: the long-term downtrend hasn't changed, and the three lines of the Bollinger Bands are still trending downward. The rebound, in essence, is just a small wave within a long-term downtrend. Trading short along the trend is the most prudent choice right now.
Regarding specific tokens: watch the $BTC below the 85,000 level, target $ETH at 2,750, and $BNB must also keep pace. The movements of Bitcoin and Ethereum are linked; once the middle band breaks, a chain reaction will quickly propagate.
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#BinanceABCs Market sentiment rebounds as expected, but the strength is far less than imagined. The overall trading session feels like a spring being pressed down—repeatedly pulled and entangled in sideways consolidation, with a day filled with pointless tug-of-war.
Here's the key point—don't be fooled by this rebound. It's not a signal of a trend reversal; frankly, it's just a technical breather after a sharp decline earlier. We clearly outlined our thinking from the morning: the rebound is only to facilitate shorting. Now the price has perfectly hit the previously set short entry zone, making it the right time to decisively act and position.
Looking at the four-hour chart, although the four consecutive bullish candles look impressive, the K-line is just touching the middle band of the Bollinger Bands—this is the real battleground between bulls and bears. Whether the middle band can hold will directly determine when this correction ends and also how much further decline is possible.
Don't ignore the big picture: the long-term downtrend hasn't changed, and the three lines of the Bollinger Bands are still trending downward. The rebound, in essence, is just a small wave within a long-term downtrend. Trading short along the trend is the most prudent choice right now.
Regarding specific tokens: watch the $BTC below the 85,000 level, target $ETH at 2,750, and $BNB must also keep pace. The movements of Bitcoin and Ethereum are linked; once the middle band breaks, a chain reaction will quickly propagate.