Looking at the daily chart, the shape of an arc bottom is beginning to form. Five consecutive bullish candles have indeed boosted the bulls' confidence. But we need to stay calm — after the sharp surge the night before last, there was a quick pullback during midnight, clearly exposing the divergence between bulls and bears. The current market shows repeated tug-of-war, a typical sign of shakeout, with an astonishingly large amplitude.
The early rebound precisely hits the key level of 93500. This area has been tested multiple times and has become a solid barrier. Attempts to break above it have failed to stabilize. How heavy is the selling pressure above? The MA7 and MA30 have already formed a death cross downward, indicating short-term weakness. Another noticeable detail — during the rebound, trading volume actually shrank, and the divergence between price and volume is becoming more obvious, which shows that the upward momentum is seriously lacking. Plus, there are quite a few floating profit orders stacked at high levels. Any slight market movement can easily trigger profit-taking, further amplifying volatility.
In simple terms, this rebound is not the start of a new main upward wave, but rather a prime entry opportunity for bears. The influx of new funds has not yet been confirmed, and the market lacks sustained upward momentum. Under these circumstances, "stay calm and trade with the trend" is definitely more profitable than blindly chasing highs.
Trading Strategy: • Bitcoin: Short in batches within the 93200-94000 range. The first targets are 92000 and 91500. If these levels are broken effectively, look further down to 90000. Place stop-loss above 94500. • Ethereum: Look for opportunities to short around 3300, first target 3180, and if broken, extend to 3060. Stop-loss above 3080.
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CrossChainMessenger
· 20h ago
Yeah, this rebound is indeed weak, with trading volume shrinking significantly. The bears still have a good opportunity.
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93500 is definitely a strong barrier. The bulls still lack strength this time.
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Is this another shakeout? Feels like it's happening every day. When can we break through?
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There are so many floating profits; any slight movement and they get sold off. Got it.
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Stick to the short position strategy. Trading with the trend is much more reliable than chasing highs.
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Seeing that MA death cross, I know this upward momentum is insufficient.
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But on the other hand, if 93500 can't be broken, we really need to consider shorting.
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Price-volume divergence is the most obvious, and that's where the problem lies.
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Wait for clear entry of incremental funds. Currently, there's indeed a lack of momentum.
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A reasonable analysis makes this point in time a bit tricky.
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90000 seems a bit far; let's keep an eye on 91500 first.
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I'm also watching Ethereum around 3300; let's trade together when the time comes.
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This rebound was still too hasty; the bears haven't been fully cleared out yet.
View OriginalReply0
LuckyBlindCat
· 01-07 02:47
It's the same old pattern of bouncing back and then crashing again, truly impressive.
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The trading volume is shrinking, yet people keep claiming it's a bullish sign. Isn't this just a trap to lure more buyers?
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That 93500 level is always just out of reach. Looks like there's really no hope.
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A pile of floating profits, just waiting for a slight wind to cause a collapse. The risk is too high; I prefer to stay on the sidelines.
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Is this a good opportunity for a short entry? Oh my, I thought this time we could turn things around.
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Following the trend sounds simple, but in reality, nine out of ten people lose when trying to execute it.
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A death cross downward combined with volume and price divergence—how much room for movement does this combo leave?
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Don't ask me why I don't short; my luck is terrible—whenever I try, I lose. Let the experts profit.
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This trading strategy seems quite clear, but what I fear most is the appearance of a clear reversal in the opposite direction.
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The influx of new funds hasn't arrived yet. When will it come? I can't wait any longer.
View OriginalReply0
MEVHunterNoLoss
· 01-07 02:41
93500 this threshold really got stuck, five consecutive bullish candles are useless, now it's up to the bears to see if they can absorb this wave of profit-taking
I've noticed the shrinking trading volume, and I feel the bulls are also uncertain. In this kind of market, it's better to short for a wave of comfort
The MA death cross downward is unavoidable, such intense shakeout, if it doesn't break 90000, it's not over. I bet it will break 91500
View OriginalReply0
NonFungibleDegen
· 01-07 02:38
ngl ser this rebound smells like classic bull trap energy... 93500 holding like a brick wall and volume's drying up? that's not alpha move territory lmao. shorting feels right but also feels like fomo into the fomo if u know what i mean... probably nothing tho
Reply0
DogeBachelor
· 01-07 02:36
Is it another shakeout? The 93,500 level is really tough, and with declining volume, I don't believe it can go higher.
Retail investors are about to get cut again; better to stay on the sidelines.
The death cross of MA is so obvious, bulls really have no chance; betting on a decline.
It looks like another trap to lure in buyers; I choose to lie low.
With so many floating profits, missing out actually feels more comfortable.
#2026年比特币行情展望 Morning Bitcoin and Ethereum Market Observation: Rebound Faces Resistance, Bearish Opportunities Emerge
Looking at the daily chart, the shape of an arc bottom is beginning to form. Five consecutive bullish candles have indeed boosted the bulls' confidence. But we need to stay calm — after the sharp surge the night before last, there was a quick pullback during midnight, clearly exposing the divergence between bulls and bears. The current market shows repeated tug-of-war, a typical sign of shakeout, with an astonishingly large amplitude.
The early rebound precisely hits the key level of 93500. This area has been tested multiple times and has become a solid barrier. Attempts to break above it have failed to stabilize. How heavy is the selling pressure above? The MA7 and MA30 have already formed a death cross downward, indicating short-term weakness. Another noticeable detail — during the rebound, trading volume actually shrank, and the divergence between price and volume is becoming more obvious, which shows that the upward momentum is seriously lacking. Plus, there are quite a few floating profit orders stacked at high levels. Any slight market movement can easily trigger profit-taking, further amplifying volatility.
In simple terms, this rebound is not the start of a new main upward wave, but rather a prime entry opportunity for bears. The influx of new funds has not yet been confirmed, and the market lacks sustained upward momentum. Under these circumstances, "stay calm and trade with the trend" is definitely more profitable than blindly chasing highs.
Trading Strategy:
• Bitcoin: Short in batches within the 93200-94000 range. The first targets are 92000 and 91500. If these levels are broken effectively, look further down to 90000. Place stop-loss above 94500.
• Ethereum: Look for opportunities to short around 3300, first target 3180, and if broken, extend to 3060. Stop-loss above 3080.