Has Bitcoin and Ethereum's rebound peaked? Reduce positions on rallies and wait for low entry opportunities
Since Bitcoin rebounded from $80,600, there hasn’t been any clear bottoming signal on the daily chart, nor any major bullish catalyst, so this round of rebound is ultimately just a “rebound.” It’s highly likely that $80,600 will be retested, or even broken, in the near future.
Instead of rushing in, it’s better to be patient and wait—buying opportunities will come naturally. With the Fed’s rate cut approaching in December, the market may fluctuate repeatedly due to news influences. Later on, we might see a 1-hour rebound bringing the price back to the $91,500–$92,000 range, consolidate around a 1-hour pivot, and then move lower! #十二月行情展望 $BTC
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Has Bitcoin and Ethereum's rebound peaked? Reduce positions on rallies and wait for low entry opportunities
Since Bitcoin rebounded from $80,600, there hasn’t been any clear bottoming signal on the daily chart, nor any major bullish catalyst, so this round of rebound is ultimately just a “rebound.” It’s highly likely that $80,600 will be retested, or even broken, in the near future.
Instead of rushing in, it’s better to be patient and wait—buying opportunities will come naturally. With the Fed’s rate cut approaching in December, the market may fluctuate repeatedly due to news influences. Later on, we might see a 1-hour rebound bringing the price back to the $91,500–$92,000 range, consolidate around a 1-hour pivot, and then move lower! #十二月行情展望 $BTC