2026-01-10 04:29:55

Recent rebounds have been noticeably weak, and market sentiment has shifted from bullish to bearish. Every time the market rises, it actually presents a good shorting opportunity—this is the main short-term strategy.

It is important to note that a rebound after breaking support can only be considered a technical rebound and does not indicate a trend reversal. Only when the bears are truly broken and the bulls regain previous highs can we say that the market sentiment has genuinely changed.

From the market sentiment perspective, the Fear & Greed Index is now at 26, reflecting a pessimistic outlook. In terms of the chart, after a period of consolidation, the current pattern looks more like a consolidation phase in a downtrend.

Specifically, for price levels, BTC faces major resistance at the 95,000 mark. If it moves downward, support levels are at 88,200-87,200, 83,200, and the 78,500-77,700 range. For ETH, resistance levels are at 3,222 and 3,555, with support below around 2,400.

BTC0,39%

ETH0,9%

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rekt_but_vibing

· 01-10 04:58

What does a lack of rebound indicate? It means it still has to fall further. There's nothing wrong with being bearish on this wave. It's just another technical rebound. Those who bought at high levels are probably going to suffer again. That number 26 for the index... the market is really panicking now. This is the best time to short. Can BTC hold above 785? It's a bit uncertain. When it was at 85K, I should have gone all-in short.

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GateUser-addcaaf7

· 01-10 04:57

A rebound is just escaping; this time really is different.

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MevWhisperer

· 01-10 04:51

Another wave of fake rebounds, I've seen this routine so many times already. Rebound to short? That logic is a bit extreme, easy to get slapped in the face. Can BTC really drop from 95,000 to over 80,000? That feels a bit unrealistic. Index at 26, right? Definitely panic-inducing, but bottoms often come at this time. ETH's support level seems hard to hold. To be honest, I'm a bit nervous. Is this really a continuation of the decline or just another trick to deceive retail investors? Waiting to be proven wrong. Bullish recovery to previous high? Come on, I bet they are out of options. The index is so low, I actually want to buy the dip, going against the analysts.

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MissedTheBoat

· 01-10 04:40

Rebounds are all just traps for more gains; this wave really can't go down... Sold too early, now every bounce makes me want to short, my mindset is collapsing. The index is at 26, and people are still trying to buy the dip? I've completely given up on catching the bottom. If 95,000 breaks, it might head straight to the 8X, feeling like it will test 785... ETH is even worse, can't hold 3222, breaking below 2400 would be truly dangerous.

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