12th Morning Market Outlook|Rebound Weak, Short Strategy Still Dominant
After last night’s rebound toward 86,800, the market saw multiple pullbacks, once again dipping to the 83,800 range. Although a minor rebound is visible on the chart right now, the momentum remains weak, with the market still fluctuating near 87,000.
From the current structure, bullish strength is clearly insufficient, and the corrective upswing lacks sustainability. The daily chart has printed another series of bearish candles, with the overall trend still suppressed by the middle-band pressure. Each time the price touches resistance, it pulls back quickly—failing to deliver a meaningful breakout.
Notably, yesterday’s increase in sell-side volume further strengthens the expectation for continued retracement.
📌 Core Outlook: The market remains in a rebound-short pattern. Focus on shorting at resistance.
📉 Operation Strategy:
Short around 86,900 – 87,400
Targets: • First zone: 85,500 – 84,500 • Break below = continue to look toward 82,000
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.
#GIGGLEAndPIPPINSurge
12th Morning Market Outlook|Rebound Weak, Short Strategy Still Dominant
After last night’s rebound toward 86,800, the market saw multiple pullbacks, once again dipping to the 83,800 range. Although a minor rebound is visible on the chart right now, the momentum remains weak, with the market still fluctuating near 87,000.
From the current structure, bullish strength is clearly insufficient, and the corrective upswing lacks sustainability. The daily chart has printed another series of bearish candles, with the overall trend still suppressed by the middle-band pressure. Each time the price touches resistance, it pulls back quickly—failing to deliver a meaningful breakout.
Notably, yesterday’s increase in sell-side volume further strengthens the expectation for continued retracement.
📌 Core Outlook:
The market remains in a rebound-short pattern. Focus on shorting at resistance.
📉 Operation Strategy:
Short around 86,900 – 87,400
Targets:
• First zone: 85,500 – 84,500
• Break below = continue to look toward 82,000