Monday Morning Market Scan: BTC Daily Chart Shows Three Consecutive Green Candles, Buying Opportunities Emerge
BTC opened with a bullish candle with upper and lower shadows this morning, officially initiating a three-day rally. From the weekly chart, a doji star and a bearish candle pattern are visible—what does this combination imply?
The Christmas holiday just ended, and the market opened on Monday with a rally. After forming a W bottom at the 8.65 level, Bitcoin rebounded—but the question is, is this a genuine rebound or a trap to lure in buyers? Further observation is needed. Currently, both the bottom and the top are rising, making it more advantageous to buy on dips in this pattern.
Specifically, a pullback to the 8.85 area could be considered a long entry, with a risk-reward ratio set at 1.33 being more reasonable. Conversely, if the price continues upward to touch 9.06, the opportunity to short at the top of the oscillation with a risk-reward ratio of 1.28 is available. The market rhythm is reflected in these repeated levels—those who can grasp the switch between bottom rebounds and top resistance will be able to find opportunities in this wave of adjustment.
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GateUser-26d7f434
· 12-29 04:00
The probability of a trap to lure more is quite high. I'll wait and see...
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TopEscapeArtist
· 12-29 04:00
Hey, wait a minute. Is this W bottom really valid? I always feel like it's a trap on the left side...
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ShibaSunglasses
· 12-29 03:57
Three consecutive bullish days look good, but I still feel it's a bit fake; I've seen too many tricks to lure more buyers.
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FUD_Vaccinated
· 12-29 03:49
Is it a trap to lure more buyers or a genuine rebound? It's hard to tell, feels like we're about to get chopped again.
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HodlTheDoor
· 12-29 03:47
It's the same pattern again, with a bottom rebound and top resistance. After saying so much, it still depends on whether it can truly break through 9.06.
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AirdropDreamer
· 12-29 03:40
Bull trap or rebound, this time it depends on whether we can hold at 8.85, otherwise it's just the same old trick of harvesting the little guys.
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unrekt.eth
· 12-29 03:33
I've seen this trick of诱多 many times, but it still depends on whether it can break 9.06.
Monday Morning Market Scan: BTC Daily Chart Shows Three Consecutive Green Candles, Buying Opportunities Emerge
BTC opened with a bullish candle with upper and lower shadows this morning, officially initiating a three-day rally. From the weekly chart, a doji star and a bearish candle pattern are visible—what does this combination imply?
The Christmas holiday just ended, and the market opened on Monday with a rally. After forming a W bottom at the 8.65 level, Bitcoin rebounded—but the question is, is this a genuine rebound or a trap to lure in buyers? Further observation is needed. Currently, both the bottom and the top are rising, making it more advantageous to buy on dips in this pattern.
Specifically, a pullback to the 8.85 area could be considered a long entry, with a risk-reward ratio set at 1.33 being more reasonable. Conversely, if the price continues upward to touch 9.06, the opportunity to short at the top of the oscillation with a risk-reward ratio of 1.28 is available. The market rhythm is reflected in these repeated levels—those who can grasp the switch between bottom rebounds and top resistance will be able to find opportunities in this wave of adjustment.