2026-01-07 11:30:24

Wednesday Night Market Recap:

From the hourly chart, the trend remains clearly weak. The price has been held below the MA5, MA10, and MA20 moving averages, unable to break higher. The short-term moving averages have already crossed below the long-term averages, confirming a bearish alignment. Looking at the MACD, the death cross persists, and the momentum bars are firmly below the zero line, indicating that the downward momentum is still building.

The key level is at 3185. If the trading volume really crashes through this support, the downside potential will be fully unlocked. Given the recent correction, caution is advised.

Technical references:
- $BTC: Short position in the 92300-92800 range, aiming to return to 91200-90400
- $ETH: Rebound from the high at 3240-3260, support levels at 3190-3160

BTC1,57%

ETH2,14%

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unrekt.eth

· 01-09 13:03

Once a bearish alignment is formed, it's not over yet. We have to honestly stay bearish through this wave.

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AlphaLeaker

· 01-09 11:10

The bearish alignment is so obvious, it feels like once 3185 breaks, we're really going underground.

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MetaverseVagrant

· 01-09 06:06

Is it going to drop again? Is it really going to break 3185 this time? --- The bearish arrangement is so obvious, it feels like the main force is just waiting to smash the volume. --- If 92300 can't hold, then 90400 might really be the next level to go. --- Every time I say to be cautious, but it still keeps falling without fail. --- The MACD death cross has lasted so long, when will it turn around? --- The short-term moving average has crossed below the long-term moving average, this time there might really be some turbulence. --- If 3185 breaks, I’ll just throw up my hands—there’s nothing more to say. --- The trading volume is trying to break this support; retail investors, let’s just wait for the bottom to buy in. --- Watching MACD stubbornly stay below the zero line, this rhythm is really uncomfortable. --- The high short position should be closed; the risk is a bit too high.

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FreeRider

· 01-09 06:03

Is it going to drop again and again? This moving average arrangement looks terrible. I have to postpone my bottom-fishing plan again.

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SybilAttackVictim

· 01-07 12:00

It's the same old bearish setup, I'm tired of hearing it. If 3185 really breaks, it's game over.

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StableGenius

· 01-07 12:00

ngl the macd death cross thing is kinda predictable at this point... literally called this three days ago lol, but sure let's act like 3185 is some magical line. empirically speaking, when everyone's watching the same support level it usually means nothing happens there anyway 🤷

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MrRightClick

· 01-07 11:59

It's the same old story of death crosses and bearish alignments. Why do you always love to be bearish?

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GasSavingMaster

· 01-07 11:57

The short-term arrangement is already settled. We really need to be cautious this time. If the 3185 level is truly broken, we must be prepared with the bullets for bottom-fishing.

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LuckyBearDrawer