The market movements these days are quite interesting. Bitcoin's performance has been relatively stable, but the trend of the Nasdaq futures last night gave us quite a bit of downward pressure. The current situation depends on how we rebound.
From a technical perspective, the recent resistance levels are at 908-910, with another at 915, and further up around 923. To be honest, the 902 level has been repeatedly tested twice, and logically, it shouldn't be revisited so deeply.
The current approach is this—if the US stocks can provide upward momentum, then the probability of a rebound to 910 or even 915 is quite high. But if tonight we revisit the 902 level again, we need to be cautious, as the risk of going long at this level will significantly increase.
In summary, it still depends on the US stock market's performance. If the US stocks open strongly, the probability of opening low and then rising is indeed higher than opening low and falling. Conversely, we should be more defensive.
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SingleForYears
· 21h ago
902 is about to break again. This time, it really depends on whether the US stock market will give us face.
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FarmToRiches
· 23h ago
902 is about to fall again, this time it really depends on whether the US stock market can save the situation.
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BearMarketSurvivor
· 01-14 23:45
902 is going to get smashed again. U.S. stocks really need to perform well, or it will be embarrassing.
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BrokeBeans
· 01-12 13:58
Once again, we have to look at how the US stock market is doing. It's really annoying, haha.
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OfflineValidator
· 01-12 13:53
902 is about to fall again, this time really depends on whether the US stock market will give face or not.
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AlphaWhisperer
· 01-12 13:53
Another day of watching the US stock market's mood; if 902 drops, I have to run.
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910 feels a bit uncertain; sticking to the support at 902 feels safer.
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With the Nasdaq doing this, how much room is there for a rebound? It's a bit uncertain.
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The US stocks need to show some strength, or else today will again be a defensive game.
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902 has been tested twice already, and you're still willing to go long? That seems risky.
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Reaching 915 on the rebound? Let's see how the US stocks open first.
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The probability of opening low and then rising... let's just wait and see.
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Can this 908-910 range really hold? It feels uncertain.
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fren_with_benefits
· 01-12 13:47
902 is coming again? This time, we really can't step on it anymore.
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VitalikFanboy42
· 01-12 13:36
Line 902 is really a hurdle. If it breaks again, I'll admit defeat.
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MoonRocketTeam
· 01-12 13:30
If I step on this line 902 again, I might really have to press the ejection button. US stocks, don't let me down, buddy.
The market movements these days are quite interesting. Bitcoin's performance has been relatively stable, but the trend of the Nasdaq futures last night gave us quite a bit of downward pressure. The current situation depends on how we rebound.
From a technical perspective, the recent resistance levels are at 908-910, with another at 915, and further up around 923. To be honest, the 902 level has been repeatedly tested twice, and logically, it shouldn't be revisited so deeply.
The current approach is this—if the US stocks can provide upward momentum, then the probability of a rebound to 910 or even 915 is quite high. But if tonight we revisit the 902 level again, we need to be cautious, as the risk of going long at this level will significantly increase.
In summary, it still depends on the US stock market's performance. If the US stocks open strongly, the probability of opening low and then rising is indeed higher than opening low and falling. Conversely, we should be more defensive.