#数字货币市场洞察 Tonight’s pullback hit exactly the 50% retracement level of the 4-hour uptrend from a few days ago. ETH was especially precise this time, while BTC dropped a bit more. Since we’ve already retraced to this level, the focus now is on the previous low marked by that wick during the night session— as long as it holds, the 4-hour bullish structure remains healthy.
There’s a high probability that there won’t be any drastic moves over the weekend. On lower timeframes, the price may consolidate at the bottom, forming a range, and then slowly start a small-scale rebound. But if the 4-hour candle closes and breaks below the previous low directly? That would be trouble, signaling a continuation of the downtrend, and we’d have to expect further downside. $BTC $ETH
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.
6 Likes
Reward
6
7
Repost
Share
Comment
0/400
SellTheBounce
· 12-06 08:02
If it breaks the previous low, it’ll just keep going down anyway—there’s always a lower point waiting for me. If this rebound really takes off, I’ll sell first before anything else.
View OriginalReply0
PaperHandSister
· 12-06 08:00
Whether the previous low can be held is the key; otherwise, this rebound will be in vain.
View OriginalReply0
ApeShotFirst
· 12-06 07:59
Damn, I have to keep watching the charts until dawn again. This half-point level is being held way too tightly.
Hold the line, hold the line, don’t let it break the previous low, guys.
This ETH move is scarily precise, why is BTC still being greedy and dumping lower?
If it breaks support, it’s game over. I’m betting the weekend will be a bottoming grind, but honestly, who believes that?
That wick on the night session will decide everything. My reverse short position already has me sweating.
I’ll bail at the first small rebound, no way I’m sticking around for another consolidation range.
Damn, this level of precision—feels like the market’s being manipulated by something.
View OriginalReply0
LiquidationWatcher
· 12-06 07:59
If we can't hold the previous low, we'll just go eat noodles.
View OriginalReply0
GasFeeDodger
· 12-06 07:47
As long as that spike in the night session can hold, otherwise we'll have to keep looking for a bottom.
View OriginalReply0
BankruptcyArtist
· 12-06 07:44
If the previous low can't be held, let's just go all-in on short positions.
View OriginalReply0
WalletDetective
· 12-06 07:39
If that spike in the night session gets broken, I’ll just admit defeat, cut my losses, and get out.
A break is a break—nothing more to say about it.
ETH really topped out this round; now it’s just a matter of whether it can hold that line.
The 4-hour chart is about to blow up, no point watching over the weekend—just wait for a bloodbath next week.
This half-level stuff feels like gambling; who can predict it accurately anyway?
You’ll know if the bullish structure is healthy once it breaks.
Grinding out a bottom over the weekend is the worst—so boring, might as well sleep.
Did BTC drop a bit more again? This time it really does look a bit rough.
Holding the previous low is what really matters; anything else is too early to call.
#数字货币市场洞察 Tonight’s pullback hit exactly the 50% retracement level of the 4-hour uptrend from a few days ago. ETH was especially precise this time, while BTC dropped a bit more. Since we’ve already retraced to this level, the focus now is on the previous low marked by that wick during the night session— as long as it holds, the 4-hour bullish structure remains healthy.
There’s a high probability that there won’t be any drastic moves over the weekend. On lower timeframes, the price may consolidate at the bottom, forming a range, and then slowly start a small-scale rebound. But if the 4-hour candle closes and breaks below the previous low directly? That would be trouble, signaling a continuation of the downtrend, and we’d have to expect further downside. $BTC $ETH