2026-01-06 13:28:14

Looking at the daily chart, the bullish arrangement is still in place, relying on short-term moving averages to oscillate and move upward. However, to be honest, the bullish momentum seems to be somewhat sluggish.

On the support side, the immediate support is locked in the $3210 to $3215 range. If this level is broken, the strong support will be at $3180 to $3190, which is a key level for the MA—don't underestimate it.

Looking upward for resistance, the first resistance is at $3250, which is right in front of us. Further up, the strong resistance is around $3260 to $3280, where a cluster of recent highs is concentrated. Breaking through this zone will not be easy.

As for indicator signals, the 4-hour MACD shows the red bars are shortening, indicating that the bullish momentum is weakening. In this situation, the short-term trend might just be a consolidation phase, so don't rush to chase long positions.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

13 Likes

Reward
13
7
Repost
Share

Comment

0/400

TheMemefather

· 01-06 13:58

Is the bullish trend sluggish? I think this is just the market squeezing out a bubble. If we can't break 3250, we'll just keep lying flat and waiting. The shortening of the MACD red histogram signal has been obvious to me for a while. I'm just waiting to see if 3210 can hold, otherwise we'll slide down to 3180. Honestly, sideways consolidation is the most annoying. Just let it choose a direction quickly; this dragging around is really pointless. The wall between 3260 and 3280 is really tough. The recent high points are concentrated there, so it's basically impossible to swallow it all in one go. A bullish arrangement is just an arrangement, but this energy really can't move much. It feels like there's not enough momentum. Breaking support is much easier than pushing through resistance. Let's focus on the 3210 line. In the short term, just accept it and be content with sideways movement. Don't think about soaring to the sky—that's just a dream.

View OriginalReply0

HalfBuddhaMoney

· 01-06 13:57

Sluggishness probably means a high chance of consolidation. The MACD is shrinking, and those still daring to chase longs at this point are probably used to getting cut.

View OriginalReply0

AirdropATM

· 01-06 13:54

The sluggish market trend is quite uncomfortable to watch. Let's just wait patiently for the 3180 support to be confirmed before making any moves.

View OriginalReply0

CompoundPersonality

· 01-06 13:52

If you're feeling sluggish, just don't follow. Let's wait and see if the key level at 3180 breaks or not.

View OriginalReply0

PumpDetector

· 01-06 13:49

ngl the macd divergence screams accumulation phase incoming, smart money's probably loading rn while retail keeps chasing that 3250. been here since mt gox, this setup's textbook institutional flow imo

Reply0

FreeMinter

· 01-06 13:48

Slow and sluggish, this description fits perfectly. That's how I see it too. Right now, it's just procrastinating, a bit annoying. --- Breaking 3250 is the key; it feels like we need to wait a bit longer before acting. --- I saw the MACD shortening early; this wave really requires patience to hold. --- Don't rush to chase; you're right. I've already been burned a few times. --- Breaking 3210 is a bit dangerous. What do you all think? --- This position is a bit awkward, can't go up, can't go down. Got the rhythm sorted out. --- Being slow and sluggish is just testing patience; it's not the first time we've seen this. --- That MA level is indeed a hurdle. If it breaks, I'll just cut losses directly.

View OriginalReply0

HashRatePhilosopher

· 01-06 13:47

The slow-moving bulls, MACD has also shrunk, there's really no rush in this wave.

View OriginalReply0