From yesterday to this morning, Bitcoin continued its consolidation trend and experienced a slight pullback. Although no obvious negative news has emerged, trading volume has not shown any significant increase, which is a key point for our observation. The daily chart shows resistance to upward movement, but the bearish trend has not yet become apparent. If the consolidation can hold steady, there is still potential for an upward move. Looking at the weekly chart, a rebound is still expected, but the overall trend remains bearish. In the short term, a rebound can be considered after establishing support at key levels, while the real shorting opportunities will come after a sufficient weekly rebound and a high-level entry.
Ethereum is currently following Bitcoin's pace, also in a phase of decreasing volume and consolidation. We need to patiently wait for signals indicating volume change. The daily volume remains insufficiently strong, and the overall trend is still bearish. In the short term, a rebound is the main theme, and a confirmed rebound on the weekly chart will be a critical turning point. It is advisable to moderately chase longs when support levels are held.
The altcoin sector is consolidating along with the market, with liquidity still relatively weak. It’s better to stay on the sidelines for now. However, value-oriented long-term coins can be watched, as there will be opportunities for steady growth after the correction completes. The primary market shows some signs of improvement, with recent activity in the Chinese MEME sector. In the short term, this area can be given more attention.
Today's trading points — BTC support is in the 91500-92000 range, with resistance at 93500-94000; ETH support is at 3130-3180, with resistance at 3200-3250.
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NeverPresent
· 11h ago
Reduced volume means waiting for the wind to come; optimistic about a breakout after the weekly rebound
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GasWaster69
· 11h ago
The consolidation with decreased volume is back again. When will it pick up volume? I've been waiting so long I almost fell asleep.
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ColdWalletGuardian
· 11h ago
Without explosive volume, there's really no chance. It feels like we still need to wait and see in this wave.
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GateUser-a180694b
· 11h ago
The volume is not cooperating, this kind of consolidation is the most annoying... Expect a rebound but don't be too greedy.
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DAOTruant
· 11h ago
The volume has been shrinking and consolidating, this wave is a bit exhausting. When will it pick up again?
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It's the same old story, keep waiting and waiting, I'm almost falling asleep.
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I still believe in reliable coins; avoid really bad projects.
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For altcoins in this state, it's better to honestly focus on MEME tokens.
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The weekly rebound confirmation is the real opportunity; it's not too late to get out now.
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BTC is just stalling within this range, it's a bit frustrating.
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Be patient and wait for signals; this rhythm is really a bit nerve-wracking.
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I see long-term opportunities in value coins; don't be too anxious.
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Rebounds are the main theme, but hearing that doesn't quite feel right.
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If the support level is solid, then chase a little; it's not a big problem.
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SellTheBounce
· 11h ago
Price drops with decreasing volume, there's always a lower point waiting for you
Sell on the rebound, that's the trading philosophy
Consolidation with shrinking volume? I only see the bears dominating that phrase
Altcoins with weak liquidity still dare to chase, the self-discipline of bagholders
Breaking support levels is the real opportunity, don't be fooled by rebounds
Enter after a weekly rebound is fully confirmed, otherwise you're just giving money to the market makers
Buy the dip again after a fall; patience is more profitable than courage
History shows us that every rebound is a new shorting opportunity
Look at this trading volume... the market hasn't shown its true stance yet
Wait for the weekly confirmation before acting; jumping in now is just gambling
From yesterday to this morning, Bitcoin continued its consolidation trend and experienced a slight pullback. Although no obvious negative news has emerged, trading volume has not shown any significant increase, which is a key point for our observation. The daily chart shows resistance to upward movement, but the bearish trend has not yet become apparent. If the consolidation can hold steady, there is still potential for an upward move. Looking at the weekly chart, a rebound is still expected, but the overall trend remains bearish. In the short term, a rebound can be considered after establishing support at key levels, while the real shorting opportunities will come after a sufficient weekly rebound and a high-level entry.
Ethereum is currently following Bitcoin's pace, also in a phase of decreasing volume and consolidation. We need to patiently wait for signals indicating volume change. The daily volume remains insufficiently strong, and the overall trend is still bearish. In the short term, a rebound is the main theme, and a confirmed rebound on the weekly chart will be a critical turning point. It is advisable to moderately chase longs when support levels are held.
The altcoin sector is consolidating along with the market, with liquidity still relatively weak. It’s better to stay on the sidelines for now. However, value-oriented long-term coins can be watched, as there will be opportunities for steady growth after the correction completes. The primary market shows some signs of improvement, with recent activity in the Chinese MEME sector. In the short term, this area can be given more attention.
Today's trading points — BTC support is in the 91500-92000 range, with resistance at 93500-94000; ETH support is at 3130-3180, with resistance at 3200-3250.