Yesterday, the market data opened slightly higher at 3919, peaked at 3937 but was met with resistance, ultimately failing to break through the resistance at 3938.94, a divergence point. In the end, it closed with a long upper wick doji back at 3919.
From a short-term perspective, the drop after the high opening is quite normal. It is expected that there will be an adjustment today, and the key is to see if the 3900 level can be held. If it can hold, then tomorrow may stabilize and rebound, leading to another wave of a bullish market.
It is important to pay attention to the point at 3891 in operation. If it breaks below this level and cannot quickly reverse back, then you need to consider reducing your position for defense. But don't be overly pessimistic; keep at least half of your mid-term position, and don't go fully short. Conversely, if the line at 3891 is not broken and there is a consolidation above, then it is still a 5-minute level consolidation. After a few days of turbulence, there will be rebound opportunities worth looking forward to.
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GasGuzzler
· 12-24 16:12
Holding 3900 feels risky; this divergence point's pressure is a bit intense.
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GasBankrupter
· 12-24 16:10
If I can't hold 3891, I'll just give up and eat dirt. I really don't want to keep messing around anymore.
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NFTRegretter
· 12-24 09:09
If I can't hold 3900, I'll just give up. Anyway, I can't understand this wave.
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ContractTearjerker
· 12-24 04:51
You have to hold on to 3900, otherwise it will be really awkward.
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CryptoHistoryClass
· 12-24 04:49
ngl, the classic "this time we're holding support" narrative... *checks notes* this is literally how every bounce before capitulation started. 3891 or bust, lmao.
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SeeYouInFourYears
· 12-24 04:48
We must hold the 3900 level; otherwise, our mentality will collapse again.
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Gm_Gn_Merchant
· 12-24 04:27
If 3900 can't hold, I'll go all in on short positions directly, don't talk to me about half positions.
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DefiEngineerJack
· 12-24 04:27
actually™ the divergence mechanics here are... kinda basic? like, you're just watching support levels without even mentioning on-chain metrics or funding rates lmao
Yesterday, the market data opened slightly higher at 3919, peaked at 3937 but was met with resistance, ultimately failing to break through the resistance at 3938.94, a divergence point. In the end, it closed with a long upper wick doji back at 3919.
From a short-term perspective, the drop after the high opening is quite normal. It is expected that there will be an adjustment today, and the key is to see if the 3900 level can be held. If it can hold, then tomorrow may stabilize and rebound, leading to another wave of a bullish market.
It is important to pay attention to the point at 3891 in operation. If it breaks below this level and cannot quickly reverse back, then you need to consider reducing your position for defense. But don't be overly pessimistic; keep at least half of your mid-term position, and don't go fully short. Conversely, if the line at 3891 is not broken and there is a consolidation above, then it is still a 5-minute level consolidation. After a few days of turbulence, there will be rebound opportunities worth looking forward to.