From the daily chart perspective, after a continuous decline, signs of change are beginning to appear—recent two candlesticks show a clear contraction in the real bodies, indicating that the downward momentum is gradually weakening. Although there are early signs of stabilization in the short term, overall the market remains in a bearish channel, and the trend has not fundamentally changed.
Switching to the hourly chart, the price repeatedly oscillates around 90,500, with bulls and bears temporarily evenly matched. This situation is actually a buildup before the market makes a decision—gathering strength for a move.
From a technical structure standpoint, the MACD needs to be repaired, possibly brewing a technical rebound, but the overall arrangement remains bearish; above is a dense resistance zone, and the rebound space is limited. More precisely, this looks like an adjustment within a downtrend rather than a trend reversal signal.
**The operational idea is as follows:**
In the short term, consider taking light positions near 90,500 to attempt a rebound, with stop-loss set below the consolidation zone. If signs of weakening appear when approaching key resistance levels, you can follow the trend and go short. The core principle is not to bet on the bottom but to follow the structure.
**Specific references:**
Short positions can be taken in batches in the 90,800-91,500 range, targeting 89,800-88,500; Ethereum can try shorting around 3,100-3,130, with targets at 3,070-3,040.
Market changes happen quickly, so dynamic adjustment is very important.
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ChainBrain
· 01-11 02:56
It's another accumulation phase, feels like the whole week is entangled around 90500.
The rebound space is really limited, and the resistance level might get smashed down again.
But it's still okay to try a small position for a rebound, just worried that I might get distracted again.
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DegenWhisperer
· 01-11 02:50
90500 has been repeatedly oscillating, it feels like it's gathering momentum, waiting for a confirmation of a direction.
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WagmiAnon
· 01-11 02:36
Here we go again with the buildup. Is this really the time it breaks through?
View OriginalReply0
MoneyBurnerSociety
· 01-11 02:31
Another round of "getting ready to launch"... I bet 5 bucks that this time my stop-loss is waiting for me.
Weekend Market Summary~
From the daily chart perspective, after a continuous decline, signs of change are beginning to appear—recent two candlesticks show a clear contraction in the real bodies, indicating that the downward momentum is gradually weakening. Although there are early signs of stabilization in the short term, overall the market remains in a bearish channel, and the trend has not fundamentally changed.
Switching to the hourly chart, the price repeatedly oscillates around 90,500, with bulls and bears temporarily evenly matched. This situation is actually a buildup before the market makes a decision—gathering strength for a move.
From a technical structure standpoint, the MACD needs to be repaired, possibly brewing a technical rebound, but the overall arrangement remains bearish; above is a dense resistance zone, and the rebound space is limited. More precisely, this looks like an adjustment within a downtrend rather than a trend reversal signal.
**The operational idea is as follows:**
In the short term, consider taking light positions near 90,500 to attempt a rebound, with stop-loss set below the consolidation zone. If signs of weakening appear when approaching key resistance levels, you can follow the trend and go short. The core principle is not to bet on the bottom but to follow the structure.
**Specific references:**
Short positions can be taken in batches in the 90,800-91,500 range, targeting 89,800-88,500; Ethereum can try shorting around 3,100-3,130, with targets at 3,070-3,040.
Market changes happen quickly, so dynamic adjustment is very important.