Good morning, friends! The market was quite calm over the weekend, with no significant fluctuations. Looking at the hourly chart, all three lines of the KDJ indicator are hovering below 50, not yet in the oversold territory, but the J line has already started to turn downward—indicating that the short-term upward momentum is weakening.
On the MACD, the bars have shifted from red to green, signaling that the bearish force is beginning to emerge. However, trading volume has not yet caught up, so it doesn't constitute strong resistance. Conversely, the current market is actually in a phase where the bulls are repeatedly testing the bottom. Once the bottom stabilizes, a rebound is likely.
This morning's strategy is clear: use key support levels to go long; pullbacks are opportunities.
Operational references: • Bitcoin: Consider entering long positions around 90,000, with a target of 91,500 • Ethereum: Buy around 3,080, aiming for 3,180
Recent Federal Reserve data has been relatively weak, which has somewhat eased market sentiment and provided room for a rebound. Be patient and wait for confirmation of the bottom—opportunities are right in front of you.
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BlockchainFries
· 10h ago
The bottom testing part is indeed interesting, but I'm still a bit cautious since the trading volume hasn't caught up.
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A 90,000 long position sounds good, but I'm just worried it might drop again after a half rebound.
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I agree with the logic that the Federal Reserve data is weak, but market sentiment can change suddenly, so we need to be careful.
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Waiting for the bottom to be confirmed? I've heard that phrase too many times; by the time it's confirmed, the price has already risen.
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The 3080 level for Ethereum is indeed tempting, but I want to see a bit more.
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KDJ is hovering below 50, feeling like it's waiting for a plunge.
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J line turning downward, indicating a beginning of a bearish trend... it seems the rebound space is also limited.
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gm_or_ngmi
· 10h ago
Oh no, it's that repeated bottom-testing story again... Why do I feel like we're always waiting for the bottom to be confirmed?
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Non-farm data underwhelmed, but it gives us a chance to breathe. However, don't be fooled by the rebound.
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Can 90,000 really hold? Feels shaky.
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When MACD turns green, everyone starts calling for a bull run. But I always feel like it's a half-step behind.
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I usually don't trust rebounds that the trading volume can't keep up with. Let's wait and see.
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A dovish Federal Reserve is indeed friendly to the crypto market, but we need to see how the subsequent data turns out.
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Buying Ethereum at 3080... If it drops further, I’ll just laugh.
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I'm tired of hearing "bottom confirmed." Might as well just say the risk is high.
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It's another bullish trend on Monday morning. We said the same last year, right?
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ChainPoet
· 10h ago
Repeated testing at the bottom, the bulls still need to hold on a bit longer. This wave looks like it's about to unleash a big move. Only when the trading volume catches up will it be a true signal. Now is the time to be cautious.
Good morning, friends! The market was quite calm over the weekend, with no significant fluctuations. Looking at the hourly chart, all three lines of the KDJ indicator are hovering below 50, not yet in the oversold territory, but the J line has already started to turn downward—indicating that the short-term upward momentum is weakening.
On the MACD, the bars have shifted from red to green, signaling that the bearish force is beginning to emerge. However, trading volume has not yet caught up, so it doesn't constitute strong resistance. Conversely, the current market is actually in a phase where the bulls are repeatedly testing the bottom. Once the bottom stabilizes, a rebound is likely.
This morning's strategy is clear: use key support levels to go long; pullbacks are opportunities.
Operational references:
• Bitcoin: Consider entering long positions around 90,000, with a target of 91,500
• Ethereum: Buy around 3,080, aiming for 3,180
Recent Federal Reserve data has been relatively weak, which has somewhat eased market sentiment and provided room for a rebound. Be patient and wait for confirmation of the bottom—opportunities are right in front of you.