Wednesday Market Quick Notes



Futures are all about risk and opportunity coexisting. Trading is not gambling; the key is how you read the charts. On Wednesday morning, Bitcoin showed little volatility, dropping from a high of 93,743 to the support level of 92,202 without breaking below, then oscillating within a small range. Ethereum's performance was similar, falling from 3,301 to 3,238 in the morning, following Bitcoin's rhythm.

From the four-hour chart, the market is oscillating around the middle band of the Bollinger Bands, experiencing a rebound followed by downward pressure. Although it has touched the middle band again, the support strength of the middle band is quite good—especially with frequent long lower shadows, indicating that the bears lack the strength to break downward. Therefore, the overall trend remains relatively strong. Switching to the one-hour timeframe, after three consecutive declines, there have been two rebounds, and currently, it is in a phase of repeated adjustments. The MACD double lines are still below the zero axis but show no signs of volume expansion; the three lines of the KDJ are turning upward and converging. This suggests a high probability of a rebound and recovery in the near future.

This afternoon's strategy is mainly to go long at low levels. #数字资产行情上升
**Trading references:**
BTC: Enter long positions around 92,500, target 94,500
ETH: Enter long positions around 3,220, target 3,350
BTC-2.23%
ETH-3.7%
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
  • 7
  • Repost
  • Share
Comment
0/400
GasFeeBeggarvip
· 18h ago
92,500 to go long? Bro, this support level really isn't bad, but I just feel like we're always stuck halfway up the mountain.
View OriginalReply0
ShitcoinArbitrageurvip
· 01-07 08:49
Long positions held tightly at low levels, no loss if bought above 92,500
View OriginalReply0
WhaleStalkervip
· 01-07 08:48
The middle band of the Bollinger Bands is still providing solid support; the bears really don't have much strength left. The long position logic at low levels is reliable, it's just a matter of betting on whether the rebound can recover. What does the frequent appearance of the lower shadow in this wave indicate? It's testing the bottom. Is entering a long position at 92,500 really a good idea? I'm still observing. The KDJ is consolidating and just waiting to turn upward; the rebound space afterward won't be small. That early dip was quite scary, wasn't it? Actually, it was just a shakeout. The target of 94,500 is a bit aggressive; it's better to be more cautious. There have been two rebounds in three hours, the rhythm is a bit slow, and it seems like there will be more adjustments.
View OriginalReply0
DAOTruantvip
· 01-07 08:47
Frequent long lower shadows indicate that the bears are indeed lacking strength.
View OriginalReply0
fren_with_benefitsvip
· 01-07 08:46
Ah, the middle band support of the Bollinger Bands still has some significance; the bears are indeed lacking momentum. I agree with the idea of accumulating long positions at lower levels; it all depends on whether we can break through the resistance above. Entering at 92,500 feels okay; aiming for 94,500 is a bit far, is it really true?
View OriginalReply0
DarkPoolWatchervip
· 01-07 08:35
The bears are out of strength, and that's the key. Bulls are entering at lower levels, waiting for a rebound to recover.
View OriginalReply0
AlphaLeakervip
· 01-07 08:32
92,500 to go long? If this support level breaks, I'll eat my keyboard live on stream. The mid-line support is okay, but I've heard too many times that the bears have no strength. Thinking of a rebound just because the KDJ is converging? Wake up, brother. 94,500? Dreaming, or are you really that optimistic? Forget it, let's first see how the 4-hour chart develops. Don't rush to get in.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 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)