The recent 4-hour chart depicts a typical oscillating downward pattern. The highs are continuously decreasing, and each rebound is weakening, while the declines during corrections are becoming deeper—this is a classic sign of weakness.
Prices are fluctuating around the short-term moving averages MA5 and MA10, indicating serious disagreement among market participants. The frequency of pullbacks has noticeably increased, suggesting that the bears are accumulating momentum.
From a key zone perspective, the price is currently testing repeatedly within the narrow channel of $142-$144. The resistance around $144 is very solid, and the bulls are being suppressed upon contact. On the downside, the $141-$142 range forms a short-term support zone, but this support appears somewhat fragile—if it is effectively broken, it could trigger a new round of correction.
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NonFungibleDegen
· 10h ago
yeah this is definitely looking bearish ngl... those lower highs are killing me rn. $144 is basically a wall and we keep getting rejected, so like... probably just averaging down at support til we bounce? idk man, feels like capitulation energy brewing here tbh
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GasFeeCrying
· 10h ago
That 144 resistance is really tough to break through. Every rebound gets pushed back down, it's hard to watch.
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SandwichHunter
· 10h ago
It's a typical short-term accumulation phase. It feels like $141 won't hold during this drop...
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WalletManager
· 10h ago
The bears are accumulating momentum, while I am accumulating chips. Once 142 breaks, I will enter the market directly, and the risk factor is controllable.
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GateUser-c802f0e8
· 10h ago
It's the same old suppression rhythm again, $144 is really a solid barrier, always pushed down every time.
The recent 4-hour chart depicts a typical oscillating downward pattern. The highs are continuously decreasing, and each rebound is weakening, while the declines during corrections are becoming deeper—this is a classic sign of weakness.
Prices are fluctuating around the short-term moving averages MA5 and MA10, indicating serious disagreement among market participants. The frequency of pullbacks has noticeably increased, suggesting that the bears are accumulating momentum.
From a key zone perspective, the price is currently testing repeatedly within the narrow channel of $142-$144. The resistance around $144 is very solid, and the bulls are being suppressed upon contact. On the downside, the $141-$142 range forms a short-term support zone, but this support appears somewhat fragile—if it is effectively broken, it could trigger a new round of correction.