There is no clear short-term sign of BTC bottoming out. In less than half a day, new lows have appeared again, and the previous short-term bottoming signals have already become invalid.
Currently, although the 1-hour chart shows a doji candle, the rebound is weak, indicating that the short-term rebound strength is limited. Trading volume has increased by 20% compared to the evening record, but the volume increase is still insufficient.
Overall, while the 1-hour chart shows a doji candle, there is no effective sign of a bottoming out, and trading volume has not yet cleared the short-term selling pressure. Therefore, further observation is needed.
Personal judgment suggests that the current position is still some distance from the second bottoming point. Continued observation is necessary. Only when a doji candle appears + an effective rebound + a significant increase in trading volume will the short-term bottoming out and the second probe be considered complete, marking a turning point. #BTC #ETH
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There is no clear short-term sign of BTC bottoming out. In less than half a day, new lows have appeared again, and the previous short-term bottoming signals have already become invalid.
Currently, although the 1-hour chart shows a doji candle, the rebound is weak, indicating that the short-term rebound strength is limited. Trading volume has increased by 20% compared to the evening record, but the volume increase is still insufficient.
Overall, while the 1-hour chart shows a doji candle, there is no effective sign of a bottoming out, and trading volume has not yet cleared the short-term selling pressure. Therefore, further observation is needed.
Personal judgment suggests that the current position is still some distance from the second bottoming point. Continued observation is necessary. Only when a doji candle appears + an effective rebound + a significant increase in trading volume will the short-term bottoming out and the second probe be considered complete, marking a turning point. #BTC #ETH