#Strategy加仓BTC Market Observation for the Evening of January 18
Recently, I've been watching ETH's 1-hour K-line, and honestly, the situation isn't very optimistic. The price has been oscillating below the short-term moving average, with MA7 already piercing through MA30, which is a typical bearish pattern. The MACD is still hovering below the zero line; although the green bars haven't expanded wildly, the bearish momentum hasn't weakened at all.
The key issue is that there's little volume to follow through during rebounds, basically showing a situation of "heart willing but lacking strength." In the short term, this thing still looks weak, and the downward momentum may continue to be released, so stay alert.
As for trading ideas, consider shorting in the 3400 to 3350 range, with targets at 3300 and 3250, and further support at 3200.
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NFTFreezer
· 7h ago
The bears are so fierce, yet it still dares to rebound. That's hilarious.
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BearMarketSurvivor
· 7h ago
Once again, bearish. Is this time reliable? Last time I said so, I got slapped in the face by a rebound.
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NestedFox
· 7h ago
With such strong bearish momentum, a rebound with no volume is really uncomfortable. It seems like 3300 must be broken.
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LadderToolGuy
· 7h ago
Damn, you're looking at short positions again. Whether 3200 can hold is the key.
#Strategy加仓BTC Market Observation for the Evening of January 18
Recently, I've been watching ETH's 1-hour K-line, and honestly, the situation isn't very optimistic. The price has been oscillating below the short-term moving average, with MA7 already piercing through MA30, which is a typical bearish pattern. The MACD is still hovering below the zero line; although the green bars haven't expanded wildly, the bearish momentum hasn't weakened at all.
The key issue is that there's little volume to follow through during rebounds, basically showing a situation of "heart willing but lacking strength." In the short term, this thing still looks weak, and the downward momentum may continue to be released, so stay alert.
As for trading ideas, consider shorting in the 3400 to 3350 range, with targets at 3300 and 3250, and further support at 3200.
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