2026-01-07 07:20:32

Bitcoin and Ethereum stabilized at support levels last night, which is a good sign. But the problem is—on the 4-hour chart, the bearish engulfing pattern is stuck at a key resistance level, repeatedly failing to break through, and the smaller timeframes also show signs of weakness.

For those of you who are bearish with me, hold your positions steady. From the current situation, a pullback is more likely tonight. Until the resistance levels are effectively broken, being cautious and optimistic is more reliable. In the short term, we still need to watch the technical indicators.

BTC0,36%

ETH-0,69%

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GasFeeCrybaby

· 1h ago

Yin inside, Yang outside can't be broken through repeatedly? That's just messing with us. Hold steady and don't panic.

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SchrodingerWallet

· 01-07 07:50

The bearish engulfing pattern stuck at the resistance level is like this - it keeps testing repeatedly and is quite annoying. Let's continue to watch and see what happens.

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All-InQueen

· 01-07 07:50

The support level needs to be observed for a few more days, don't rush to buy the dip, buddy.

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PuzzledScholar

· 01-07 07:49

The bearish engulfing pattern has a tight grip, this time there's really going to be a pullback.

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DYORMaster

· 01-07 07:32

I think we still need to be cautious this time. Last time, it was crushed down at this resistance level.