2026-01-03 08:24:33

The rhythm of this recent market movement is actually quite clear. Instead of trying to chase the trend, it's better to focus on the range and timing.

From a structural perspective, the price accelerated from 87k all the way to 90.9k earlier, and this move was quite comfortable, with volume supporting it well. But after reaching the high point, it didn't continue upward; instead, it quickly retraced back to around 89k. Currently, the price is fluctuating around 89,300, which essentially is a profit-taking phase after a rally.

Looking at the Bollinger Bands, the price has moved from the upper band back to near the middle band, which is currently around 89k. Today, this line is the dividing line between bulls and bears. As long as the 30-minute chart can hold above the middle band, the market remains in a relatively strong oscillation state, not yet turning truly bearish. Conversely, if several consecutive candles close below the middle band, it’s likely to test the lower band, which is roughly between 88k and 88.5k.

Volume also signals something. During the rally, volume clearly increased, but during the pullback, volume shrank significantly. This indicates either panic selling or profit-taking. If the price continues to fall without increasing volume, the downward space won't be very large.

The MACD has already formed a death cross at high levels, with the histogram turning green, indicating that the short-term upward momentum is weakening. It’s unlikely to see a new surge immediately; instead, it looks more like a bottoming process with oscillation.

In summary, today's trading approach is as follows:

**Resistance above**: Between 90,000 and 90,500. Breaking through this level within a day is difficult without volume support.

**Support below**: The first support is at 89,000. If it breaks below this, stronger support is at 88,000 to 88,500. If this level holds, it could be a good short-term rebound opportunity.

There are two key points for operation: avoid chasing highs to prevent being shaken out; consider reducing positions or waiting when approaching 90k; when revisiting key support levels, check volume and market reactions before deciding whether to act.

Today feels more like a digestion day after a rally, not a one-sided trend. Patience is more valuable than speed in trading.

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GasWaster

· 19h ago

If I can't hold the 88k level, I'll admit defeat. I've really had enough of this rollercoaster.

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NeverPresent

· 20h ago

As long as Bollinger Bands hold firmly at 89k, don't overthink it. A decrease in volume is your signal.

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MoonRocketTeam

· 20h ago

The middle band of the Bollinger Bands is the dividing line; the key point in this game is whether we can hold the 89k. If the trading volume doesn't pick up, there's no need to fuss. The rocket has already lost momentum; now is the time to grind, patience is valuable. It feels like a shakeout rhythm; only if the 89,000 breaks will there truly be a problem. The rebound probability here is quite high. The MACD death cross indicates everything; don't try to catch the bottom, just wait. The next window is the launch opportunity. Decreasing trading volume is a good sign, indicating no one is really dumping; it's just profit-taking and leaving. This is a digestion day; chasing high is really easy to get trapped. I'm just watching from the side. The middle line defense must be maintained; otherwise, we might have to test the 88k line. Gamblers should be cautious.

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RugResistant

· 20h ago

Holding at 89k is the key; breaking through 90k is almost impossible. The shakeout pattern is the same old routine.

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