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#BTC对标贵金属的竞争格局 There's a saying that goes well - luck is unreliable, and short-term returns will eventually fade. Players in the crypto world have always competed not with momentary aggressive actions, but with the rationality that is consistently maintained and the steadfastness to their beliefs.
Check out the market over the past two days. Bitcoin dipped to 87121 last night, then rebounded and stabilized, reaching around 88349 in the early session, but was subsequently suppressed and fell back, overall showing a narrow range of repeated testing. Ethereum's performance is quite interesting - it started to oscillate higher from a low of 2899 at night, and at one point surged to 2987 in the early morning, but the momentum was obviously insufficient.
Looking at the daily chart, after three bullish candles, there came two bearish candles, which indicates a bit of a turn. The selling pressure at the middle band of the Bollinger Bands is quite evident; although the three bands are starting to constrict, the middle line is still slowly moving downward, and the overall pattern exudes a sense of weakness. Switching to the four-hour level, the price is oscillating around the middle and lower bands of the Bollinger Bands, with alternating bullish and bearish candles appearing, cycling repeatedly within a small range, indicating a stalemate without a clear direction.
The key issue here is that the long upper shadow on the K-line looks like a signal, indicating that the selling pressure above is clearly stronger than the buying support below. The MACD double lines have already crossed bearishly and continue to spread downward, which is a bearish signal from a technical perspective. Coupled with the narrowing volatility in recent days and the backdrop of U.S. stock markets being closed, the upcoming opportunities may be to short on any rebounds.
$BTC $ETH $BNB, these three have been in this rhythm recently. Keep up with the rhythm and don't let short-term fluctuations distract you.
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BTC's repeated probing is exhausting people; clearly there were rebound opportunities, but it's been pushed back down instead. The rhythm has really collapsed.
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Wait, the Bollinger Bands are starting to contract, so why is it still going down? Is this a sign of brewing major moves, or is it just stagnant water?
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Honestly, looking at it now, it's just a directionless consolidation. The MACD has already formed a death cross; how can I chase the price? It sounds right to short on rebounds, but the premise is that there has to be enough of a rebound first.
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Ethereum's surge to 2987 lacked strength; this signal is too obvious, typical bluffing.
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Playing with coins in the context of the US stock market being on holiday is really tough. If a black swan event suddenly happens, we all have to ride the wave, so let's wait and see.
This market is indeed a bit annoying, constantly testing is driving me crazy. If I had known, I would have waited for the US stock market to open before looking.
I agree with the MACD death cross part, but to be honest, short orders aren't that easy to execute in the short term, let's just wait and see.
Honestly, the MACD death cross is indeed a bit precarious, but the fluctuations these past two days feel more like a Whipsaw, not a real short positions signal.
The holiday in the U.S. stock market seems to be over-interpreted. Ultimately, we still need to look at the institutions' movements; retail investors' analysis is pointless no matter how much they do.
Thinking of going short with the MACD death cross? Forget it, let's wait for the rebound confirmation before talking.
With the market constantly testing like this, to put it bluntly, it just means no one dares to catch a falling knife.
Bollinger Bands are narrowing, MACD shows a death cross, these old indicators have fooled one batch of suckers after another, I'm completely numb.
The US stock market being on holiday is just an excuse; in the end, we still have to see the Fed's reaction.
But to be fair, this stalemate really gives opportunities for counter-trend shorts, we need to seize them.