#美联储重启降息步伐 The current market sentiment is rather bearish, and the technical outlook for several major coins doesn’t look too optimistic.
Starting with BNB, the hourly chart has clearly weakened. You can see that its rebounds can’t break higher; each peak is lower than the last. Recently, there was even a bearish engulfing candlestick pattern, and trading volume keeps shrinking. If it fails to hold the current support level, there’s a high probability it’ll continue to drop. Personally, I think you can watch the 905 to 895 range; if it rebounds, you could consider setting up short positions. The 885, 875, and 865 levels below are all potential targets.
The situation for SOL is similar, with an overall bearish pattern. It’s more prudent to short on rallies between 140 and 134, with targets at 128, 122, and 116.
LTC is relatively weaker, and you can look for short opportunities in the 84 to 82 range. The 80, 78, and 76 levels below are reasonable target areas.
Overall, the bears currently have the upper hand, and there are no clear signs of a trend reversal yet. In terms of strategy, it’s still more appropriate to focus on shorting at rebound highs. Of course, the specific entry points should be determined based on real-time market conditions and your own risk tolerance.
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SandwichHunter
· 12h ago
I believe in the bearish engulfing pattern. For BNB, I’ll only make a move if it breaks below 905.
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LiquidationSurvivor
· 12h ago
Short positions are about to get liquidated again, I really can't handle this wave.
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SatoshiChallenger
· 12h ago
It’s the same old shorting the rebound routine again. Ironically, what happened to the guy who made such a precise prediction last time? Can you still find him on the liquidation list?
The data speaks for itself—shrinking trading volume is always a sign of unclear signals. If you insist on opening short positions at a time like this, well, what a mindset.
By the way, with the Fed playing the rate cut card, traditional finance is already stunned, and you technical guys are still looking at candlestick patterns. Interesting.
BNB can’t hold 905? Let me ask—during the last major drop, did this kind of support level protect anyone?
Not to be petty, but this kind of “target price accurate to the last digit” analysis just reminds me of all those overly confident analysts from 2022.
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VitalikFanboy42
· 12h ago
I'm also feeling uncomfortable watching this bearish engulfing; it looks like BNB is about to break down.
#美联储重启降息步伐 The current market sentiment is rather bearish, and the technical outlook for several major coins doesn’t look too optimistic.
Starting with BNB, the hourly chart has clearly weakened. You can see that its rebounds can’t break higher; each peak is lower than the last. Recently, there was even a bearish engulfing candlestick pattern, and trading volume keeps shrinking. If it fails to hold the current support level, there’s a high probability it’ll continue to drop. Personally, I think you can watch the 905 to 895 range; if it rebounds, you could consider setting up short positions. The 885, 875, and 865 levels below are all potential targets.
The situation for SOL is similar, with an overall bearish pattern. It’s more prudent to short on rallies between 140 and 134, with targets at 128, 122, and 116.
LTC is relatively weaker, and you can look for short opportunities in the 84 to 82 range. The 80, 78, and 76 levels below are reasonable target areas.
Overall, the bears currently have the upper hand, and there are no clear signs of a trend reversal yet. In terms of strategy, it’s still more appropriate to focus on shorting at rebound highs. Of course, the specific entry points should be determined based on real-time market conditions and your own risk tolerance.