#美联储重启降息步伐 **Midday Observation on December 6: BTC Struggles in a Weak Zone**
Looking at the recent trend, after Bitcoin climbed up from the low of 2978, it's been grinding sideways at the bottom these past few days, with small candles going sideways. There's been no decent bullish momentum—the bulls' counterattack is really weak. The price is now at 3037, down 4.16% on the day.
The Bollinger Bands aren't looking good—price is stuck below the middle band, the upper band is starting to press down, and the lower band is flattening. This structure clearly still favors the bears; at best, it's just a breather after being oversold, still far from a real reversal.
The KDJ indicator is interesting: the J value is about to hit the overbought zone, while the K and D lines have just made a golden cross upwards, but the J line looks like it's about to turn down. This little rebound is probably running out of steam. The MACD histogram is still negative, although it's close to the zero axis, and the DIF and DEA lines are almost glued together—bulls and bears are in a tug-of-war, but the bears clearly haven't let go.
It's even clearer on the 1-hour timeframe: this is a typical weak rebound after an oversold drop, with the Bollinger middle band holding strong resistance. The KDJ is about to enter the overbought zone, which also shows there's not much room for a further rally. If it can't break through the key resistance level, it's likely to head lower.
**Trading Thoughts:** If it pulls back to the 3010-2970 range, you can consider a light long position, targeting around 3055-3080. Remember, this is just my personal take; the market changes fast, manage your own risk.
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CryptoNomics
· 12-06 08:01
nah, your bollinger band analysis completely ignores the endogenous volatility clustering inherent to btc's stochastic price process. statistically speaking, this "weak rebound" thesis lacks rigor.
Reply0
just_another_wallet
· 12-06 08:00
The Bollinger Bands are really tight; it's getting boring. Still have to keep grinding down.
View OriginalReply0
TokenAlchemist
· 12-06 07:58
nah the whole "weak rebound after oversold" narrative is just cope at this point—price action screaming bearish structure, dead money wrote this one already
Reply0
MidnightSnapHunter
· 12-06 07:55
Grinding the bottom again, this rebound really isn't strong at all. It would be better to just drop sharply all at once.
View OriginalReply0
BankruptWorker
· 12-06 07:42
Starting to bottom out again, this rebound is really weak and uninteresting.
View OriginalReply0
GateUser-00be86fc
· 12-06 07:40
Have to dip down again, this rebound is really weak.
View OriginalReply0
GoldDiggerDuck
· 12-06 07:39
This dragging market is really boring; just waiting for that rebound momentum to run out.
#美联储重启降息步伐 **Midday Observation on December 6: BTC Struggles in a Weak Zone**
Looking at the recent trend, after Bitcoin climbed up from the low of 2978, it's been grinding sideways at the bottom these past few days, with small candles going sideways. There's been no decent bullish momentum—the bulls' counterattack is really weak. The price is now at 3037, down 4.16% on the day.
The Bollinger Bands aren't looking good—price is stuck below the middle band, the upper band is starting to press down, and the lower band is flattening. This structure clearly still favors the bears; at best, it's just a breather after being oversold, still far from a real reversal.
The KDJ indicator is interesting: the J value is about to hit the overbought zone, while the K and D lines have just made a golden cross upwards, but the J line looks like it's about to turn down. This little rebound is probably running out of steam. The MACD histogram is still negative, although it's close to the zero axis, and the DIF and DEA lines are almost glued together—bulls and bears are in a tug-of-war, but the bears clearly haven't let go.
It's even clearer on the 1-hour timeframe: this is a typical weak rebound after an oversold drop, with the Bollinger middle band holding strong resistance. The KDJ is about to enter the overbought zone, which also shows there's not much room for a further rally. If it can't break through the key resistance level, it's likely to head lower.
**Trading Thoughts:** If it pulls back to the 3010-2970 range, you can consider a light long position, targeting around 3055-3080. Remember, this is just my personal take; the market changes fast, manage your own risk.
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