2025-12-30 08:26:29

Yesterday afternoon's market was quite exciting. The 15-minute chart showed a decline from the high point to the low point, with several waves making good gains. This kind of chart-based trading feels solid.

Looking at a larger timeframe, the three-day moving average broke above the middle of the golden trendline yesterday morning, but by the afternoon, it quickly dropped back down, currently retracing to the trendline. How to put it, this position is a bit awkward, and the strength of the rebound still needs observation.

The key is the 12-hour performance. The day before yesterday, it broke through the upper band of the blue channel, then was immediately pressed down by the upper band of the golden downward channel, and then quickly fell back near the middle of the blue channel. It is now stuck near the 2940 support level, and has not yet firmly broken above it. For continued upward movement, establishing this level is crucial—must hold it effectively, or the rebound will seem weak.

To be honest, technically, we are still in a tug-of-war stage. The strength comparison between bulls and bears is not yet clear. Continue to observe for confirmation of a breakout.

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FloorPriceWatcher

· 7h ago

The 2940 barrier is indeed tough to break, and it seems the bulls are a bit exhausted.

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SilentAlpha

· 7h ago

This critical level at 2940 is really stuck; we need to see if it can hold today, otherwise the rebound is indeed pointless.

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CryptoPunster

· 7h ago

Damn, the 2940 level is the watershed for retail investors. If we can't hold it, we'll just keep being grass. Making trades based on charts? What a joke. The next second, they'll just keep tugging until you doubt life. Long vs. short tug-of-war? Isn't that just big players warming up before they cut the chives? This rebound strength is as awkward as the thickness of my wallet. The golden channel suppresses the blue channel. Basically, the bulls are just sending their heads to be chopped off. The most uncomfortable phase of tug-of-war is when you're neither making money nor able to cut losses in time—pure mental torture. If 2940 doesn't break, I believe you really want to see a rise. If it breaks, consider I never said anything. Still need to observe the technicals? What am I observing? Anyway, it's all up to the big players. Brothers who bought yesterday, get ready to give it all back today, haha. At this level, it's best to stay out of the market and watch the show, to avoid being harvested.

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BearEatsAll

· 7h ago

If we can't hold this critical level at 2940, the rebound will just be a bluff.

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