This morning, there are some interesting technical signals in Bitcoin and Ethereum that are worth paying attention to.
Looking at Bitcoin, the 4-hour candlestick currently has resistance levels around 89,373 and 90,663, with support levels at 86,892 and 86,066. Ethereum's situation is similar, with resistance near 2,986 and 3,030, and support at 2,887 and 2,836.
There are a few technical indicators to watch closely. First, BTC's 4-hour cycle candlestick is in a shrinking volume upward trend, although it remains within the previous box channel, but the trading volume is not very ideal. In this case, chasing highs carries significant risk; it might be more prudent to consider long positions or spot accumulation near support levels.
From the perspective of daily and medium-to-small cycles, the wealth trend indicator shows a resonant short signal, suggesting that it’s a good time to reduce positions or short when the price rises. More interestingly, the 4-hour MACD has already formed a bearish crossover below zero, and the 12-hour candlestick shows a dragon diving pattern, all indicating a potential pullback. Therefore, short-term trading strategies should mainly focus on shorting at high points.
The specific entry timing can be when the price retraces to the key neckline resistance on the 15-minute or 30-minute chart, which would offer a better risk-reward ratio for short entries. If you are a spot investor, consider holding a small long position at the support levels mentioned above and wait for opportunities. Regardless of the strategy, stop-losses must be well managed; risk control is more important than chasing profits.
Of course, Bitcoin's movements often influence the entire market. Mainstream coins, secondary mainstream coins, and even some popular altcoins tend to fluctuate in tandem. You can adjust your positions in other tokens based on BTC's correlation logic. Remember: the market is always there; many opportunities are missed, but a careless mistake can wipe out your principal. So, always prioritize caution.
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.
18 Likes
Reward
18
8
Repost
Share
Comment
0/400
BearMarketNoodler
· 11h ago
Trying to chase a small-volume rally? Aren't you asking for death?
The death cross signal is so obvious, yet you're still hesitating. It's time to cut losses, friends.
For support levels, a light position in spot is the right move. Don't be greedy.
This wave of decline during the dragon's dive can't be escaped; you should sell on rallies.
I never touch upward movements with insufficient volume; there are too many lessons from history.
The data is right here, do as you see fit.
This time is different? Haha, the market always says that.
If risk management isn't done well, blaming the market is just unreasonable.
View OriginalReply0
StillBuyingTheDip
· 12-27 10:53
Reduced volume rally? Then it's better to wait, greed can't be indulged.
---
The dragon dives haha, I like this name.
---
It's the same old story of shorting on rallies... I'm tired of this routine.
---
Placing orders at support levels is indeed reliable, no rush, no impatience.
---
A careless shrinkage once, this statement really has no fault.
---
Insufficient volume is just a trap to lure in, forget it, forget it.
---
Setting stop-losses well is better than anything else, my painful lesson.
---
BTC leading the trend is real, other coins can't escape.
---
So many resistance levels, how to be precise?
---
Opportunities are always there, just don't get wiped out in a liquidation.
View OriginalReply0
GateUser-4745f9ce
· 12-27 10:52
The volume is shrinking, and the rise feels a bit fake. I'll wait for the support level before getting in.
View OriginalReply0
HappyToBeDumped
· 12-27 10:44
The pattern of rising on low volume, I've seen it many times before, and now they're trying to cut losses again.
Reducing positions on rallies is the way to go.
Isn't the death cross signal forcing us to short?
Buy some spot near the support level to secure a position.
This correction feels like it's coming; we need to control the risk.
View OriginalReply0
DegenWhisperer
· 12-27 10:43
The volume is shrinking and the rally can't really hold, better wait for a pullback before jumping in again.
It's both a death cross and diving, this wave is indeed quite fierce.
Forget it, sticking to spot trading for now; I won't chase highs.
BTC moves everything else follows, don't get caught by the mainstream coins.
Setting stop-losses properly is more important than anything else, I couldn't agree more.
View OriginalReply0
ApeShotFirst
· 12-27 10:42
Damn, another death cross signal. Is this wave going to collapse? Stop loss, stop loss, I'm scared.
View OriginalReply0
ForkInTheRoad
· 12-27 10:27
The volume-increasing rally is just a trap for bullish traders; this wave still looks bearish.
View OriginalReply0
ShitcoinConnoisseur
· 12-27 10:26
Trying to chase after a small-volume rally? Are you gambling?
It's both a death cross and diving, this rhythm feels a bit familiar.
Support level orders are indeed stable, but I'm just worried you'll panic and close positions early.
With such a clear MACD, there are still people chasing the high, truly incredible.
I've already been reducing positions on rallies; I don't want to get caught this time.
This morning, there are some interesting technical signals in Bitcoin and Ethereum that are worth paying attention to.
Looking at Bitcoin, the 4-hour candlestick currently has resistance levels around 89,373 and 90,663, with support levels at 86,892 and 86,066. Ethereum's situation is similar, with resistance near 2,986 and 3,030, and support at 2,887 and 2,836.
There are a few technical indicators to watch closely. First, BTC's 4-hour cycle candlestick is in a shrinking volume upward trend, although it remains within the previous box channel, but the trading volume is not very ideal. In this case, chasing highs carries significant risk; it might be more prudent to consider long positions or spot accumulation near support levels.
From the perspective of daily and medium-to-small cycles, the wealth trend indicator shows a resonant short signal, suggesting that it’s a good time to reduce positions or short when the price rises. More interestingly, the 4-hour MACD has already formed a bearish crossover below zero, and the 12-hour candlestick shows a dragon diving pattern, all indicating a potential pullback. Therefore, short-term trading strategies should mainly focus on shorting at high points.
The specific entry timing can be when the price retraces to the key neckline resistance on the 15-minute or 30-minute chart, which would offer a better risk-reward ratio for short entries. If you are a spot investor, consider holding a small long position at the support levels mentioned above and wait for opportunities. Regardless of the strategy, stop-losses must be well managed; risk control is more important than chasing profits.
Of course, Bitcoin's movements often influence the entire market. Mainstream coins, secondary mainstream coins, and even some popular altcoins tend to fluctuate in tandem. You can adjust your positions in other tokens based on BTC's correlation logic. Remember: the market is always there; many opportunities are missed, but a careless mistake can wipe out your principal. So, always prioritize caution.