The 3000 level is quite critical right now. The 3100 support I mentioned before did hold for a bit; after a minor rebound, it was dragged down again by the US stock market, and the 4-hour death cross took it straight to 3000.
Currently, the overall sentiment is bearish, but 3000 itself is an important support area. Trading volume is usually low on weekends, so in the short term, it may just consolidate here, either moving sideways or slowly recovering. If there’s a rebound, watch the 3070 resistance above.
If 3070 can’t hold, the bearish outlook continues. The first target remains to hold 3000; if that fails, pay attention to bearish signals on the weekly and monthly charts.
Once a downtrend is established, a reversal won’t come easily.
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GasOptimizer
· 3h ago
We really have to hold the 3000 mark, otherwise things will get serious later.
If the US stock market drags us down, it'll break through directly—it's so frustrating.
If 3070 can't hold, I'll just cut my losses, didn't make much this round anyway.
With such poor trading volume over the weekend, we'll probably be stuck in a sideways market until next week.
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RugPullProphet
· 9h ago
The 3000 level is testing our mentality again. The US stock market really is a troublemaker.
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If 3070 can't be broken, we'll keep probing down. This time, we really need to see how the weekly chart responds.
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The whole weekend is just stuck like this, still have to keep holding on.
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It's a rebound, but the question is whether it can hold steady.
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Once again, it's the US stock market's fault. The 3100 defense line is really useless.
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It feels like confirming the bottom is a bit difficult; even 3000 can't be guaranteed.
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If it drops, don't expect a quick rebound. It's wishful thinking to believe a downtrend can reverse so easily.
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AirdropHunterZhang
· 12-06 07:02
If 3000 breaks, I’m getting ready to buy the dip. Anyway, the airdrop I got for free this time should’ve already paid off, so I might as well go all in right here.
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NFTRegretter
· 12-06 07:01
We really have to hold the 3000 mark; otherwise, even the weekly chart will blow up.
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PerpetualLonger
· 12-06 07:00
If 3000 can't hold, I'll buy the dip and increase my position. Anyway, I believe in going long—this time I'll definitely break even.
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ContractHunter
· 12-06 06:56
We have to hold the 3000 mark; if the weekly and monthly support levels break, it’s over.
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DecentralizeMe
· 12-06 06:53
If 3000 is broken, it's over. Holding this level is the key.
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LiquidityWitch
· 12-06 06:52
3000 is really a key level. If the US stock market stirs up trouble, it's all over.
If this wave breaks 3000, we'll have to look at the weekly and monthly charts. A reversal will be tough.
If the 3070 resistance can't hold, there will be more declines ahead.
The trading volume over the weekend is so low, let's see after a few more days of sideways movement.
Fed rate cuts are good news, but it feels like the market hasn't reacted yet.
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The 3000 level is quite critical right now. The 3100 support I mentioned before did hold for a bit; after a minor rebound, it was dragged down again by the US stock market, and the 4-hour death cross took it straight to 3000.
Currently, the overall sentiment is bearish, but 3000 itself is an important support area. Trading volume is usually low on weekends, so in the short term, it may just consolidate here, either moving sideways or slowly recovering. If there’s a rebound, watch the 3070 resistance above.
If 3070 can’t hold, the bearish outlook continues. The first target remains to hold 3000; if that fails, pay attention to bearish signals on the weekly and monthly charts.
Once a downtrend is established, a reversal won’t come easily.