Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

#美联储重启降息步伐 That bullish candle on $BTC last night looked strong, but actually had a lot of fluff.



I closed my short position ten minutes in advance—not out of luck, but for a straightforward reason: the price shot up fast, but the trading volume didn’t keep up at all. With this kind of move, you can basically conclude: either it was a short squeeze from forced liquidations, or last Monday’s plunge cleared out the overhead selling pressure, making it easy for the price to jump up. To put it bluntly, this isn’t the start of a real bull market—it’s a structurally passive rally.

So what’s next? I’ll give you two scenarios:

First, if it breaks above 93880, then take the rebound seriously. The target range would be around 99 to 100. If the daily structure holds steady near 94, it’s basically confirmed to be the main upward phase of a significant rebound. If $BTC starts pulling up in a “vampire” fashion, altcoins may get drained.

Second, if it can’t break the key level, then we’ll see continued consolidation. After more than a month of consecutive declines, past experience says we usually enter a period of directionless consolidation. Don’t go all in during this stage—some small-cap coins might even surprise you.

The reason I closed my position early is because that candle on December 2, with a wick down to 84K and a quick recovery, was textbook—a standard inverse head-and-shoulders pattern. The market speaks for itself; I just understood what it was saying.

My thought process is laid out here. What you do next is up to you.
BTC-0.6%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
WagmiWarriorvip
· 12-03 07:29
The trading volume can't keep up, so this rally is just superficial. Seeing how detailed your analysis is, I feel reassured.
View OriginalReply0
CoffeeOnChainvip
· 12-03 07:25
That’s quite detailed. This round is indeed inflated—if the volume doesn’t keep up, it’s just paper-thin. I closed my positions early, and I’m a bit anxious about it, worried I might have made the wrong call. It only really counts if it can break 93880; otherwise, we’re still in the stage of repeated testing. I’m watching the altcoins as well, but I’ll wait for BTC to confirm its direction before making a move.
View OriginalReply0
NewDAOdreamervip
· 12-03 07:24
Trading volume is what really matters; price is just noise.
View OriginalReply0
zkProofGremlinvip
· 12-03 07:09
This wave’s volume and price are seriously mismatched, that’s how I see it too. Honestly, there are way too many people holding on without understanding what's happening. 93,880 is really critical—if we can't hold above it, it’s back to consolidation. I also spotted that inverse head and shoulders, just waiting for a breakout confirmation. You exited early; I’m one of those who got trapped in, haha. When the volume doesn’t match the price, it’s just inflated—totally agree with that. This round, small coins do have opportunities, while BTC is sucking up all the liquidity. May I ask what’s your view on the upcoming Fed policies? Another passive pump—this market is really pretty boring. That 94k line must hold, otherwise it’s game over. The 100k psychological level will just be another round of retail getting rekt.
View OriginalReply0
LiquidityWitchvip
· 12-03 07:09
Volume isn't keeping up with the price; I saw through this move as well. Smart people should have gotten out earlier.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)