#数字资产市场洞察 Tuesday afternoon chart analysis and trading strategy
Looking at the trend over the past two days, Bitcoin did not continue to plummet after breaking below 87000, but instead began to oscillate and consolidate. This phenomenon indicates that there are indeed buyers accumulating below, and chasing shorts at this time will only lead to self-inflicted pain. This type of trend pattern is actually quite common, characterized by the unique rhythm of the adjustment period.
From a technical perspective, Bitcoin has already undergone two rounds of declines and is now basically sticking to the lower band of the Bollinger Bands. The KDJ indicator has a relatively small value, and a golden cross signal has appeared at the bottom. Although it hasn't turned up yet, this sign is still somewhat interesting.
The price is currently hovering below the middle track, with the pressure line above starting to push down. The middle line is flattening out and even slightly sinking, while the support line below is slowly rising. This indicates that the resistance above is strengthening, but the overall pattern is still a weak oscillation, and it is far from the reversal stage. Right now, it is a pullback for repair, not a trend reversal.
$XRP is also worth paying attention to. In terms of trading strategy, the focus is still on buying low and waiting for clearer signals.
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DegenWhisperer
· 12-23 09:39
It's starting to accumulate again, is this time really different?
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Those who went short are probably regretting it now, haha.
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The lower band of the Bollinger Bands is sticking so tightly, is the KDJ golden cross pattern about to happen?
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It's not wrong to go long at a low position, but I don't know how much longer we have to wait.
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The weak consolidation phase is the most annoying; you can't make money and have to keep an eye on the market all the time.
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Is this XRP coin trying to fool me again, is it about to pump?
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After breaking 87000, it actually stabilized, looks like someone is accumulating below.
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I've heard so much about the pullback recovery that my ears are developing calluses... when will it turn around?
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The technical aspect is indeed interesting, but there's nothing interesting in my Wallet.
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Waiting for signals until the end of time is not as good as just going all in.
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GateUser-75ee51e7
· 12-23 09:39
The Bollinger Bands are at the lower band, and the KDJ has formed a golden cross pattern... Does it sound like a rebound is coming? However, I've seen this kind of fluctuation many times, so don't rush to short, as there are indeed people buying in.
Shorting will only bring you trouble; better to wait for signals to go long at low positions, after all, there's no rush for this little time.
$XRP looks promising; I feel it's about to move.
The bottom has formed a golden cross pattern, and now we just wait for it to lift off.
Really, the weak consolidation phase tests one’s mindset the most; just sit tight and don't make unnecessary moves.
Didn’t the 87000 drop cause any dumping? That indicates there are indeed buyers below, and shorting now is like giving away money.
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GweiTooHigh
· 12-23 09:35
The 87000 breakdown sounds scary, but it's actually just a whipsaw. The real logic now is to accumulate during the consolidation.
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staking_gramps
· 12-23 09:22
87000 has broken and you still won't sell? Someone is catching a falling knife... This wave needs to wait for a signal before talking.
#数字资产市场洞察 Tuesday afternoon chart analysis and trading strategy
Looking at the trend over the past two days, Bitcoin did not continue to plummet after breaking below 87000, but instead began to oscillate and consolidate. This phenomenon indicates that there are indeed buyers accumulating below, and chasing shorts at this time will only lead to self-inflicted pain. This type of trend pattern is actually quite common, characterized by the unique rhythm of the adjustment period.
From a technical perspective, Bitcoin has already undergone two rounds of declines and is now basically sticking to the lower band of the Bollinger Bands. The KDJ indicator has a relatively small value, and a golden cross signal has appeared at the bottom. Although it hasn't turned up yet, this sign is still somewhat interesting.
The price is currently hovering below the middle track, with the pressure line above starting to push down. The middle line is flattening out and even slightly sinking, while the support line below is slowly rising. This indicates that the resistance above is strengthening, but the overall pattern is still a weak oscillation, and it is far from the reversal stage. Right now, it is a pullback for repair, not a trend reversal.
$XRP is also worth paying attention to. In terms of trading strategy, the focus is still on buying low and waiting for clearer signals.