#数字资产市场动态 The early morning surge lacked momentum, and when it tried to rise again in the afternoon, it was pushed down, with the rebound strength weakening. Old Hu's current strategy is to follow the trend—$BTC is being accumulated around 89,100, and XRP is also entering around 2,970, currently still holding.
From a technical perspective, on the four-hour chart, the price hits the upper Bollinger Band and quickly falls back, with a series of long upper shadows during recent rebounds indicating strong resistance above. The upward momentum is not very sustainable. On the hourly chart, signs of bearish pressure are even more evident, with the market beginning to oscillate and decline. A short-term correction is highly likely to continue.
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LiquidityHunter
· 3h ago
It's the same old story, surge in the morning and then get hammered in the afternoon. Tired of it.
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The upper band of the Bollinger Bands touches and then drops back, this resistance level is really tough.
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There are so many long upper shadows, indicating that the bulls really have no strength left. Short-term consolidation is still needed.
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Entering at 89100 takes quite a bit of courage. If this rebound can't hold, it will be quite uncomfortable.
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The bearish pressure at the hourly level is so obvious, I think the bottom hasn't been reached yet.
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I entered at 2970 XRP. If it continues to fall, the mentality will be shattered.
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The lack of sustainability in the rally has been obvious for a while; each rebound is weaker than the last.
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Consolidating downward is testing the bottom. Who knows if it can stand up this time.
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The market is starting to decline, it seems we need to wait a bit longer before making any moves.
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If this correction continues, 88000 might not be able to hold either.
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JustAnotherWallet
· 3h ago
It has been hammered down again, this resistance level is really as hard as a rock...
Long upper shadows one after another, basically the bears are showing off their muscles.
Old Hu's move, daring to buy at 89100 and 2970, must have a very steady mindset.
In the short term, the adjustment will continue to run out of steam, with the support level dropping lower and lower...
Whether it can rebound depends entirely on whether this wave can break through the resistance. Right now, no one is confident.
BTC is just fluctuating around 89000, everything feels uncomfortable.
How about XRP? Any signs of recovery?
The weakening of the rebound strength generally indicates that the buying momentum is drying up.
The upper band of the Bollinger Bands has not been broken, indicating that the momentum is truly dying out.
Holding on, let's wait until the adjustment is complete.
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GateUser-5854de8b
· 3h ago
It got pushed down again. This rebound really has no backbone at all.
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Long upper shadows one after another, the bears are really going all out.
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Holding, holding, should I add to my position, brother?
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The upper band of the Bollinger Bands just pulled back; the resistance is indeed quite tough.
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This plunge in the afternoon feels like the correction has just begun.
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What’s the mindset now for the position built at 89,100? Continue to fall or wait for a rebound?
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The hourly chart is also starting to decline; no short-term hope, right?
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The market is oscillating and trending downward; this signal is a bit painful.
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XRP has also entered the market; it seems Old Hu is really optimistic.
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The most annoying thing is the lack of sustained rebounds, just bleeding back and forth.
View OriginalReply0
FloorPriceWatcher
· 3h ago
It's the same old trick again, touching the upper Bollinger Band and then dropping, really annoying.
Those who bought in at 88k must be regretting it now; the rebound is weak, basically no one is willing to buy in.
Long upper shadows are increasing, what does that mean? Everyone above is trapped and wants to escape.
I don't dare to touch XRP either, just looking at it gives me a headache.
Short-term continuation of adjustment? Then just wait, anyway, it won't fall forever.
This wave of bearish suppression is really fierce, feels like a breakdown is imminent.
Positioning? I just want to ask those who entered at high levels, what are you going to do?
View OriginalReply0
GasFeeVictim
· 4h ago
It's the same pattern again, long upper shadows everywhere, the upper Bollinger Band looks like a ceiling, really can't break through
Hey Lao Hu, entering at this point, how to say, it has a bit of a stubbornness vibe...
Watching this drop in the afternoon makes me feel uncomfortable, a weak rebound really signals the end of the market
View OriginalReply0
BankruptcyArtist
· 4h ago
Afternoon was hammered down again, this rebound really isn't interesting...
Long upper shadows one after another, with such strong resistance, who dares to buy in? Bold move.
How about the 89100 level? Can I still buy the dip?
Short-term continues to adjust, so no rush to get in.
XRP 2970 bought in, what's the situation now? Still floating loss?
The upper band of the Bollinger Bands hits and drops, this is called a weak rebound.
The bears are so fierce, no signs of improvement on the hourly chart either...
Old Hu is holding without moving, I'll wait for a break below support before making a move.
View OriginalReply0
BlockBargainHunter
· 4h ago
It's the same old trick again. As soon as the upper shadow is full of flying, they start talking about resistance levels. I think this time it really needs to drop down to clear out the bad stuff.
#数字资产市场动态 The early morning surge lacked momentum, and when it tried to rise again in the afternoon, it was pushed down, with the rebound strength weakening. Old Hu's current strategy is to follow the trend—$BTC is being accumulated around 89,100, and XRP is also entering around 2,970, currently still holding.
From a technical perspective, on the four-hour chart, the price hits the upper Bollinger Band and quickly falls back, with a series of long upper shadows during recent rebounds indicating strong resistance above. The upward momentum is not very sustainable. On the hourly chart, signs of bearish pressure are even more evident, with the market beginning to oscillate and decline. A short-term correction is highly likely to continue.