Tuesday morning's market technicals look somewhat promising. The MACD has already fallen below the zero line, and trading volume is increasing. The fast and slow lines have shown a second divergence—this situation usually indicates that the previous upward trend is weakening, and a decline may accelerate. More troubling is that both the KDJ and RSI are weakening simultaneously. These technical indicators all point in the same direction, signaling a clear bearish trend.
In the short term, the market faces considerable pressure. Every rebound is repetitive and lacks sustainability. From a technical perspective, the overall outlook remains somewhat bearish.
How should one operate? It is recommended to capitalize on rebound highs to short, and avoid chasing long positions. Specifically:
**For BTC**, consider shorting when it rebounds to the 92800-93300 range, with a target of 90500.
**For ETH**, consider shorting around 3210-3230, with a target of 3070.
The overall approach is to sell on rallies and avoid greed.
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PoolJumper
· 18h ago
It's another situation where multiple bearish signals are converging, and this time it looks quite intense.
I remember the 92800 level; if it rebounds to that, I need to act decisively.
Don't be too greedy on ETH either; take profits at 3210, as there's support at 3070 below.
Selling on rallies is indeed a profitable strategy.
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HackerWhoCares
· 18h ago
It's the same old MACD divergence routine. Every time, they say it'll go up next time, but it's really ridiculous.
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ChainWallflower
· 18h ago
Another bearish signal, is this one real or not haha
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MrDecoder
· 18h ago
The second divergence is here again. The indicator stacking signals are indeed quite clear... But what I fear the most is when the "signals are too obvious," it often results in a V-shaped reversal, and I can't hold on.
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AirdropChaser
· 18h ago
Secondary divergence is unreliable; it often leads to a trap. It's happening again, and I feel like I'm being set up again.
Tuesday morning's market technicals look somewhat promising. The MACD has already fallen below the zero line, and trading volume is increasing. The fast and slow lines have shown a second divergence—this situation usually indicates that the previous upward trend is weakening, and a decline may accelerate. More troubling is that both the KDJ and RSI are weakening simultaneously. These technical indicators all point in the same direction, signaling a clear bearish trend.
In the short term, the market faces considerable pressure. Every rebound is repetitive and lacks sustainability. From a technical perspective, the overall outlook remains somewhat bearish.
How should one operate? It is recommended to capitalize on rebound highs to short, and avoid chasing long positions. Specifically:
**For BTC**, consider shorting when it rebounds to the 92800-93300 range, with a target of 90500.
**For ETH**, consider shorting around 3210-3230, with a target of 3070.
The overall approach is to sell on rallies and avoid greed.