Observation after weekly closing



After the surge this morning, it has pulled back again, and this week's market is still the same as before. The key focus area for $BTC right now is between 9 and 9.2. If there are no major movements, I still tend to look downwards.

But if there is a sudden upward breakout, then we need to pay attention to the medium to long-term resistance level of 9.5-9.6—at that time, the strength of the rebound will determine the direction going forward.

Overall, the market pattern is quite good, and we should prioritize a bearish approach when there is a rebound. $ETH and $BNB are basically following the rhythm of BTC, with no independent market movements.

The layout on the weekly level still focuses on the south.
ETH2.15%
BTC1.56%
BNB1.98%
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ChainWanderingPoetvip
· 10h ago
It’s the same old routine again, pump, pull back, pump, pull back, the rhythm is really annoying. The short positions idea is good, but I’m just afraid of another black swan. If 9-9.2 can’t hold, what else is below?
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StablecoinArbitrageurvip
· 10h ago
tbh the 9-9.2 range is basically just noise at this point... seen this pattern play out like 47 times already. what's the actual liquidity profile looking like on the orderbook tho? because if we're talking about a real breakout to 9.5-9.6, the slippage alone would probably destroy any edge you think you have lmao
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FrontRunFightervip
· 10h ago
ngl the whole "follow btc's rhythm" narrative is exactly how they keep retail trapped in the dark forest... nobody talking about the actual mechanics of these dumps?
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EternalMinervip
· 10h ago
It's another Rebound to short, I'm tired of this trap.
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BridgeJumpervip
· 11h ago
Both pumping and falling, this wave of market is really exhausting. Again touching 9 repeatedly, if it doesn't break, it’s likely to continue dipping. If 9.5-9.6 can't break, then it’s still looking at short positions, simple and rough. ETH and BNB are just like a tail, they have no temper of their own. The weekly trend is mainly short positions, there’s nothing new this week. However, speaking of which, this kind of oscillating market is the most frustrating, when will a direction come?
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WhaleInTrainingvip
· 11h ago
It has fallen again. The hurdle of 9-9.2 is still not crossed.
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