Yesterday's rebound did not continue, and trading volume significantly shrank, which is not a very optimistic signal. The pace during the daytime looks to be mainly oscillating and retracing, with little hope for a major improvement in the short term. We also need to be cautious of some previously noted geopolitical factors that may take the opportunity to ferment, bringing additional downward pressure. In the short-term strategy, 93 is an important turning point worth paying attention to; if it cannot hold, the next support is around 90. If this level is also broken, and the downward momentum continues to increase, we will need to gradually digest this wave of negative news, possibly further probing down to the 89 or even 88 range.
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StableCoinKaren
· 01-09 05:26
Once trading volume shrinks, there's no hope; the 93 level really can't hold up.
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ZenChainWalker
· 01-07 22:33
Hmm... If 93 can't hold, I'll really panic. How much courage is left to buy the dip in this wave?
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BrokenYield
· 01-07 02:52
volume's drying up, that's usually when things get messy. 93 breaks and we're looking at a proper cascade down, not gonna be fun to watch tbh.
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memecoin_therapy
· 01-07 02:46
If 93 can't break me, I don't believe this wave will really crash down, but the shrinking of trading volume you mentioned is indeed a bit uncomfortable.
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CoffeeNFTs
· 01-07 02:46
If 93 can't be broken, then we just have to wait. Anyway, this market is just like this.
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SchrodingerGas
· 01-07 02:41
The shrinking trading volume... To put it simply, it means the market has lost consensus in the game theory sense. I actually want to see on-chain data to verify the probability of breaking below the 93 level; just looking at the candlestick chart is a bit too one-dimensional.
Yesterday's rebound did not continue, and trading volume significantly shrank, which is not a very optimistic signal. The pace during the daytime looks to be mainly oscillating and retracing, with little hope for a major improvement in the short term. We also need to be cautious of some previously noted geopolitical factors that may take the opportunity to ferment, bringing additional downward pressure. In the short-term strategy, 93 is an important turning point worth paying attention to; if it cannot hold, the next support is around 90. If this level is also broken, and the downward momentum continues to increase, we will need to gradually digest this wave of negative news, possibly further probing down to the 89 or even 88 range.