Experiencing ups and downs in the market, accumulating experience and summarizing reviews are essential for steady progress. Last night, Bitcoin tested the low at 95,304 and then bulls launched a counterattack. When pushing above the 97,000 level, it faced selling pressure and pulled back; Ethereum also dipped to around 3,266 to stabilize, then rebounded to near 3,380 but was blocked, failing to break through effectively.
Looking at the 1-hour K-line, after the rebound, there was an immediate rapid shrinkage, with a long upper shadow left during the rally—what does this indicate? Selling pressure is accumulating above, and the bulls cannot push further. The MACD continues to form a death cross and diverge, indicating short-term control is in the hands of the bears; the Bollinger Bands are opening downward, with space for further decline gradually increasing, showing a weak oscillation in the market.
Trading Ideas
For BTC: Consider short positions in the 96,000-96,500 range, targeting around 94,500-93,600.
For ETH: Short in the 3,330-3,350 range, with a target of 3,250.
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FomoAnxiety
· 01-17 10:55
Another long upper shadow, this bearish wave is really fierce.
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SpeakWithHatOn
· 01-16 00:22
The bears are so fierce, I feel like the bulls are about to be wiped out...
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Rugman_Walking
· 01-16 00:20
A long upper shadow is the tears of the bulls. Are they about to be crushed down again?
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BearMarketBuyer
· 01-16 00:14
This upper shadow, definitely a bearish signal. The bulls really can't hold on anymore.
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Lonely_Validator
· 01-16 00:14
It's the same trick again, a long upper shadow indicating a bearish move. Whether this drop can break 93,600 depends critically on the volume.
#MSCI未来或纳入数字资产财库企业 1.16 Morning Market Review
Experiencing ups and downs in the market, accumulating experience and summarizing reviews are essential for steady progress. Last night, Bitcoin tested the low at 95,304 and then bulls launched a counterattack. When pushing above the 97,000 level, it faced selling pressure and pulled back; Ethereum also dipped to around 3,266 to stabilize, then rebounded to near 3,380 but was blocked, failing to break through effectively.
Looking at the 1-hour K-line, after the rebound, there was an immediate rapid shrinkage, with a long upper shadow left during the rally—what does this indicate? Selling pressure is accumulating above, and the bulls cannot push further. The MACD continues to form a death cross and diverge, indicating short-term control is in the hands of the bears; the Bollinger Bands are opening downward, with space for further decline gradually increasing, showing a weak oscillation in the market.
Trading Ideas
For BTC: Consider short positions in the 96,000-96,500 range, targeting around 94,500-93,600.
For ETH: Short in the 3,330-3,350 range, with a target of 3,250.
$BTC $ETH $XRP