Recently, the Bitcoin Dominance Index has stabilized around 59.07, with hardly any fluctuations, oscillating within a low range. Even more interesting is that the Fear and Greed Index is now only 27, indicating that market sentiment remains quite conservative.
Although Bitcoin and Ethereum both rebounded quite noticeably this week and seem to have good momentum, from the daily chart of the super trend, they are still within a downward larger framework and have not reached a complete reversal. The performance of the two coins is very similar—each time they hit resistance levels, they are pushed back. To truly change the situation, it depends on whether they can effectively break through these key resistances. In the short term, this suppressed situation may continue.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
11 Likes
Reward
11
7
Repost
Share
Comment
0/400
HashRateHermit
· 16h ago
Once again suppressed, this rebound is really fake
---
The fear index at 27, seasoned traders have long been numb
---
What rebound? The pressure level was smashed in front, this trick is played every day
---
Short-term remains sealed unless we can truly break through that hurdle, otherwise it's just repeated cuts
---
Is low-level oscillation interesting? It's just wearing down our patience
---
Always promising rebound but gets slapped in the face, damn this market relies on fooling the rookies
---
The super trend is still falling, what does that mean? It means the bottom hasn't appeared yet
---
The fear index is only 27, I'm actually more scared
---
It's the same story again, just about to hit the pressure level and it stalls, how many times has this been repeated
---
Waiting for a real breakthrough? Probably need to wait longer, no need to fuss over short-term moves
View OriginalReply0
IfIWereOnChain
· 01-09 14:10
Uh, it's the same old story of being pushed back again. Almost breaking through every time, so annoying.
Let's wait a bit longer. The rebound is just a rebound, not a reversal. Don't be fooled by the atmosphere.
The fear index at 27 is indeed a bit extreme, but as the chart shows, it's still destined to continue oscillating.
View OriginalReply0
AlphaWhisperer
· 01-09 05:56
It's the same old suppressed routine again, a rebound just to be slapped down again. It's really exhausting to watch.
View OriginalReply0
SchrodingerWallet
· 01-09 05:54
Still oscillating at a low level, when will these days come to an end?
The suppressed situation continues? Then keep getting proven wrong.
Rebounds are all fake; only a true breakout will reveal the truth.
The index is at 27, I'm too scared to even look at the market.
This round of rebound is purely a distraction; we still need an effective breakout.
It sounds nice, but only a break below counts as a real move.
Repeated oscillations at the low end feel like squeezing toothpaste.
With the fear index so low, I'm actually a bit anxious.
How many times have we been beaten back by resistance levels? I can't remember.
Continuing to be trapped in the short term? Then I'll just keep holding.
View OriginalReply0
YieldChaser
· 01-09 05:44
Here we go again with the pump and dump, no real rebound, still stuck in the downtrend channel
---
The 27 Fear Index indicates that everyone is uncertain, I think we’ll continue to sideways in the short term
---
Always getting crushed at resistance levels, so annoying, when will we truly break through
---
The leading index remains unmoved, this wave of market action feels like sleeping
---
The rebound looks promising, but they have no intention of letting us make money, the daily chart is still in a downtrend
---
Market sentiment is so conservative, it shows that institutions are also watching, don’t expect any big moves in the short term
---
Two coins performing equally poorly, getting slapped at resistance levels every day, hilarious
---
Feels like we need to keep crouching, don’t expect any big turnaround in the short term
---
The Fear Index is so low, there are still bottom signals, just see if it can hold steady later on
View OriginalReply0
CodeZeroBasis
· 01-09 05:37
This rebound is just a dead cat bounce, looks exciting but useless.
---
The fear index is only 27, which makes me even more hesitant to act...
---
Been suppressed back again, so annoying. When will it break the level?
---
The leading index is just bouncing back and forth, a bit frustrating.
---
Where is the promised reversal? Still within the downward framework, lol.
---
Short-term continues to be locked down, when will it break the resistance?
---
This routine in the crypto world... every time it surges up and then crashes down.
---
The fear index at 27, actually makes it seem more dangerous...
---
Looks like it's going up, but actually still falling... that's why I can't hold on.
View OriginalReply0
GasFeeCrier
· 01-09 05:35
Still oscillating at low levels, the fear index is at 27 and I don't dare to move. It's really frustrating.
Every rebound is just a false alarm; every time it surges up, it gets hammered back down. This market is quite exhausting.
Wait, can it really break through the resistance level? It seems like it will still be suppressed in the short term.
Recently, the Bitcoin Dominance Index has stabilized around 59.07, with hardly any fluctuations, oscillating within a low range. Even more interesting is that the Fear and Greed Index is now only 27, indicating that market sentiment remains quite conservative.
Although Bitcoin and Ethereum both rebounded quite noticeably this week and seem to have good momentum, from the daily chart of the super trend, they are still within a downward larger framework and have not reached a complete reversal. The performance of the two coins is very similar—each time they hit resistance levels, they are pushed back. To truly change the situation, it depends on whether they can effectively break through these key resistances. In the short term, this suppressed situation may continue.