2025-12-30 00:20:39

Bitcoin daily chart closed yesterday with a doji candlestick pattern, which is still a somewhat interesting signal. The day before yesterday, on the 4-hour chart, it broke through the upper band of the Vegas channel, but failed to stabilize and fell back again, indicating that the bullish momentum is not very strong.

Looking at the Fibonacci retracement levels, the rebound just touched the 0.618 level, which coincides with the lower band of the Vegas channel, creating a resonance. On the hourly chart, the 15-minute performance throughout the night has been downward, and the trading volume is somewhat sluggish. The overall rhythm is relatively weak.

In the context of the overall bear market, it is necessary to be especially cautious when going long, especially as the monthly chart delivery date approaches. Past experience tells us that this time window is prone to anomalies. Currently, the intraday trading strategy is mainly to short on rebounds, avoiding greedy bottom fishing, with risk management always placed first. Let’s see if we can confirm a bottom signal at this level before making any decisions.

BTC-2.35%

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ChainMaskedRider

· 6h ago

Oh no, it's that combination of the ten-pointed star + Fibonacci again, always so accurate. The bears haven't fully let go yet, I think waiting a bit longer is safer. The monthly deadline is indeed a bit risky; I've seen history repeat itself before. I understand the desire to catch the bottom, but now is really not the time.

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GateUser-e19e9c10

· 6h ago

A doji with a bearish candle combined with 0.618 resonance, this wave indeed has a bit of a knife-mouth but soft-hearted feeling. If the bulls really had the strength, they would have already stabilized. I agree with the idea of shorting on rebounds; don't think about bottom-fishing. The lessons of history are right there. Low trading volume is a signal; there's no point in saying more. Wait for confirmation of the bottom before acting. The volatility before the monthly close is indeed prone to issues; risk management must be maintained. A doji at the close should raise caution; there's nothing optimistic about it. To be honest, chasing longs now is just gambling. It's better to wait and see. If the Vegas channel hasn't stabilized, it's weak, and that's very clear.

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MeaninglessApe

· 6h ago

In a bear market, rebounds are just a trap. This trick has been tried too many times already; let's see if it can really stop this time.

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just_vibin_onchain

· 6h ago

It's the same old story, rebounds and then crashes. I believe your nonsense.

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MetaverseVagabond

· 7h ago

In a bear market, it's really not advisable to be greedy; that 0.618 level is indeed a bit of a mystical number.