December 30 Silver #战略性加仓BTC XAG( Technical Review
The previous surge couldn't hold, and the market reversed directly, with consecutive large bearish candles creating a clear stepwise downtrend. It wasn't until around 70.5 that buying interest reemerged, resulting in a V-shaped rebound. However, this rebound is somewhat weak — it didn't break through the resistance above, nor did it show signs of a reversal. In simple terms, it's just a technical correction during the decline.
The key level to watch is 75.5. This is the core defense line of the previous consolidation platform, where the bears are also holding their ground. If the rebound can't stabilize here, a pullback is likely.
From the market structure and BoS indicator, the selling pressure above clearly exceeds the buying interest below. The rebound lacked volume confirmation, and the candlestick patterns didn't show any reversal signals. There are no signs of a trend reversal. Silver is currently in a normal retracement phase after a significant rally, nothing special.
Trading idea: If the rebound reaches 75-75.5 and faces obvious resistance, consider a small short position, targeting 72 and 71 first. If the price breaks below these levels, it could continue downward, with 70 and 69 in sight. )$ETH
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ZenMiner
· 7h ago
Hey, the rebound was fake again. I've seen this trick many times.
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MechanicalMartel
· 7h ago
If 75.5 can't be broken, then it has to be smashed down again. The bears are really fierce this time.
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EthMaximalist
· 7h ago
It's the same fake rebound trick again; if 75.5 isn't broken, it has to keep crashing down.
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staking_gramps
· 7h ago
It's the same trick again, a rebound is just a trap to lure buyers, and the bears are still stubbornly fighting at 75.5. I've seen through it long ago.
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FunGibleTom
· 8h ago
It's that same fake rebound again, if 75.5 can't break through, it still has to drop further.
December 30 Silver #战略性加仓BTC XAG( Technical Review
The previous surge couldn't hold, and the market reversed directly, with consecutive large bearish candles creating a clear stepwise downtrend. It wasn't until around 70.5 that buying interest reemerged, resulting in a V-shaped rebound. However, this rebound is somewhat weak — it didn't break through the resistance above, nor did it show signs of a reversal. In simple terms, it's just a technical correction during the decline.
The key level to watch is 75.5. This is the core defense line of the previous consolidation platform, where the bears are also holding their ground. If the rebound can't stabilize here, a pullback is likely.
From the market structure and BoS indicator, the selling pressure above clearly exceeds the buying interest below. The rebound lacked volume confirmation, and the candlestick patterns didn't show any reversal signals. There are no signs of a trend reversal. Silver is currently in a normal retracement phase after a significant rally, nothing special.
Trading idea: If the rebound reaches 75-75.5 and faces obvious resistance, consider a small short position, targeting 72 and 71 first. If the price breaks below these levels, it could continue downward, with 70 and 69 in sight. )$ETH