The decline has slowed down, the bears are still dominant

[Zenobia126]

K line analysis

The price situation on the daily line has stopped slightly, but the overall situation is not stable. It is still dominated by the idea of ​​being over the air. Many parties have released some struggles but not enough.


Short-term interval

Support: If the station is unstable for $3,700, then it will still be as low as $3,250.

Pressure: $3,700 is the first pressure position.



Technical indicators

The Bollinger channel seems to have a tendency to gradually slow down. It is no longer as plunge as it was at the beginning. Many people thought that there was no performance after the thirteenth. However, on the 14th, there was a counter-pumping, and the result was still not stable. The US dollar shows that the strength of the empty side is still quite strong. On the other hand, many parties are struggling; the trend of the two moving averages of the MACD indicator is not so steep, there are signs of easing, and the red pillar below the 0-axis is gradually weakening. But it can't be taken lightly, because the bears didn't give up its home.


Investment Advice

Now the price decline trend has eased, but it does not mean that it will stop there. It still needs more parties to continue to release energy to counter the shorts, otherwise it will lead to further downwards. From the situation of counter-pumping, the price has not stabilized 3700. The US dollar can be seen that the empty side is still the current dominant. Many parties want to reverse the current situation and need to continue to work hard to release energy.


E T H

K line analysis

The trend is similar to the pie, but in comparison, ETH may be stronger in this wave of rebound. From the form, it can be seen that the pie is still empty and ETH is more likely to be more shocked.


Short-term interval

Support: around $110

Pressure: $125



Technical indicators

The Bollinger Band is currently relatively flat, especially if there is no obvious downward curve on the middle and upper rails. If it can stop the downtrend near $118, it may ushered in wide fluctuations. Of course, this depends on whether the price is supported. Live; the two moving averages of the MACD indicator are already below the 0-axis, the slow line is still above, the red column below the 0-axis has weakened, but it does not affect the current still empty, after all, the price is not obvious Rebound.



Investment Advice

If there is a rebound in the price of $118 and above, this time there may be an action that will hit the upper track. Otherwise, if it falls below, it will only continue to go down; anyway, the sentence is MACD. When is the golden fork.

[1714912680]

1714912680

[1714912680]

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[sunsilk]

Investment Advice

Now the price decline trend has eased, but it does not mean that it will stop there. It still needs more parties to continue to release energy to counter the shorts, otherwise it will lead to further downwards. From the situation of counter-pumping, the price has not stabilized 3700. The US dollar can be seen that the empty side is still the current dominant. Many parties want to reverse the current situation and need to continue to work hard to release energy.

You should add a 'disclaimer' telling everyone that it isn't a financial/investment advice but it's your opinion. Usually when I watch a lot of videos telling people what's their insight, they always add this, 'this is not an investment/financial advice'.

But if you insist and you really want to tell this as an investment advice, it's up to you. Just my few cents.

[Sadlife]

Actually, i think where just be going sideways for now before we go for an massive uptrend but it would be good also if we've seen a clear capitulation of the price for an uptrend to already start this years 4th year cycle. I would guess in the coming months will be in an accumulation phase so any dips or dumps would be a good chance to buy and add it to your portfolio.

[traderethereum]

I hope that the massive trend will not take too long so the price can break any higher price. Somehow I agree with the sideways position because bitcoin is not trade in a large amount and only filled the small amount at the market. But who knows, in a few hours later, the position will change, and the large buy order will come and makes changes in the market. Still, this moment we need to be very careful to decide to buy now or later because this can cause us to get in a trap at the high price.

[Slow death]

Actually, i think where just be going sideways for now before we go for an massive uptrend but it would be good also if we've seen a clear capitulation of the price for an uptrend to already start this years 4th year cycle. I would guess in the coming months will be in an accumulation phase so any dips or dumps would be a good chance to buy and add it to your portfolio.

We always think positive, but we have to start to be realistic, the price is not going to the moon, it is falling deeper and this can be understandable... I already posted on this and I will repeat, how many countries are legalizing bitcoin? How many countries are using bitcoin as a means of legal payments in that country? what is another use that people are giving to bitcoin in addition to doing trade and hold? Why many people will want to buy bitcoin? How easy is it for people to buy bitcoin? How many bank buys bitcoin? How many billionaires buy bitcoin annually?

We are still in a very small adoption phase and we should not expect to see prices of more than $ 6,000 so early

[fibrolit]

I have long been accustomed not to believe all these forecasts, based on curiously effects, curves, indicators and other. I tried to follow some advice, just researched others and most of the forecasts did not come true. Think for yourself, with your head.

[peter0425]

Actually, i think where just be going sideways for now before we go for an massive uptrend but it would be good also if we've seen a clear capitulation of the price for an uptrend to already start this years 4th year cycle. I would guess in the coming months will be in an accumulation phase so any dips or dumps would be a good chance to buy and add it to your portfolio.

We have been going sideways as well prior to the huge dump in November. And now the pattern is just repeating itself, but the thing is, there is no clear indication for another dump as well so it might be good though or maybe we can see a slight upward again toward the $4K level.

[SplitBirb]

I am seeing sideways movement from BTC but don't see it going down below $3k any time soon. With upcoming BAKKT news things can start to look better for BTC and altcoins in my opinion.

[omonuyak]

Bitcoin has really falling too low than expected and I believe that the end should be close as most of the holders may not want to sell below the current pricing.  Bitcoin remain stocked a little above $3400 and it has been halving around that area for sometime.

[Oilacris]

Actually, i think where just be going sideways for now before we go for an massive uptrend but it would be good also if we've seen a clear capitulation of the price for an uptrend to already start this years 4th year cycle. I would guess in the coming months will be in an accumulation phase so any dips or dumps would be a good chance to buy and add it to your portfolio.

We have been going sideways as well prior to the huge dump in November. And now the pattern is just repeating itself, but the thing is, there is no clear indication for another dump as well so it might be good though or maybe we can see a slight upward again toward the $4K level.

With these kind of movement we can only barely see for bitcoin to see huge price pumps which isn't like on previous years.It might increase but only to those levels.
We are moving sideways but it doesn't guarantee that we wont able to go deeper on next following days,months or years. No one really knows on whats happening if bears are already done
or just preparing for another sell out or bulls is starting to engage.

[Slow death]

but don't see it going down below $3k any time soon.

the price is struggling to stay above  $3000 and I wonder how long the price will be able to stay above  $3000 when there is not have something that can boost the price, unfortunately this is another year that will be very bad

With upcoming BAKKT news things can start to look better for BTC and altcoins in my opinion.

BAKKT is still depending on the regulators, and it seems to me that it will be another process that will take a long time to see something concrete

I have long been accustomed not to believe all these forecasts

Now even the guys who were making forecasts have disappeared, they should be ashamed

[shitcoinoffering]

but don't see it going down below $3k any time soon.

the price is struggling to stay above  $3000 and I wonder how long the price will be able to stay above  $3000 when there is not have something that can boost the price, unfortunately this is another year that will be very bad

With upcoming BAKKT news things can start to look better for BTC and altcoins in my opinion.

BAKKT is still depending on the regulators, and it seems to me that it will be another process that will take a long time to see something concrete

I have long been accustomed not to believe all these forecasts

Now even the guys who were making forecasts have disappeared, they should be ashamed

Why do you think this year will be very bad? It is possible to change things fast

[ellehcar]

Yeah, the decline slowed down lately, which is alarming. Apparently, the market is still grieving; no signs of upward movement still, and many are still positive that this plunge will still go a long way. But of course, no one can predict the market movement at any rate. Let's just hope and pray that this dip is the bottom and this slow movement of the market in declination is the preparation for the veering of it. Afterall, there's this Bakkt thing that everyone's eyeing about. So let's just hope for the best.

[imstillthebest]

its not slowed down but the declined literally slowed down the crypto's progress .  instead of dreaming that crypto can easily reach another new ath they now need to recover again first . that sucks but there's nothing we can do about this matter aside from speculating and doing our own business  .

just an update :  declines are now slowly diminishing since earlier today  .  i am now seeing greens  . this is good because this can be a sign of an incoming pump . what do ya think  guys  ?

[fullhdpixel]

its not slowed down but the declined literally slowed down the crypto's progress .  instead of dreaming that crypto can easily reach another new ath they now need to recover again first . that sucks but there's nothing we can do about this matter aside from speculating and doing our own business  .

just an update :  declines are now slowly diminishing since earlier today  .  i am now seeing greens  . this is good because this can be a sign of an incoming pump . what do ya think  guys  ?

We all are hopping and having good expectation that the market will recover very soon. We need to continue holding and do not try to sell in such a low market. i hope all the frustration will come to an end once bitcoin price reach to 8000$ and above. Most of the investors still managed to hold their coins and wait for the bullish run of the market.

[dunfida]

its not slowed down but the declined literally slowed down the crypto's progress .  instead of dreaming that crypto can easily reach another new ath they now need to recover again first . that sucks but there's nothing we can do about this matter aside from speculating and doing our own business  .

just an update :  declines are now slowly diminishing since earlier today  .  i am now seeing greens  . this is good because this can be a sign of an incoming pump . what do ya think  guys  ?

We all are hopping and having good expectation that the market will recover very soon. We need to continue holding and do not try to sell in such a low market. i hope all the frustration will come to an end once bitcoin price reach to 8000$ and above. Most of the investors still managed to hold their coins and wait for the bullish run of the market.

We do all wait for the bull run and im also holding on my bags and wont tend or plan to sell out with this very dump price infact im accumulating
coins as much as i can because theres no market that would stayed up for bearish trend forever.There would be always a bull run even though we might
not see those high ATH on each coins but we would able to see a consistent or steady way of increase.

[peter0425]

Actually, i think where just be going sideways for now before we go for an massive uptrend but it would be good also if we've seen a clear capitulation of the price for an uptrend to already start this years 4th year cycle. I would guess in the coming months will be in an accumulation phase so any dips or dumps would be a good chance to buy and add it to your portfolio.

We have been going sideways as well prior to the huge dump in November. And now the pattern is just repeating itself, but the thing is, there is no clear indication for another dump as well so it might be good though or maybe we can see a slight upward again toward the $4K level.

With these kind of movement we can only barely see for bitcoin to see huge price pumps which isn't like on previous years.It might increase but only to those levels.
We are moving sideways but it doesn't guarantee that we wont able to go deeper on next following days,months or years. No one really knows on whats happening if bears are already done
or just preparing for another sell out or bulls is starting to engage.

We did try to attempt to go past $3700 but it was a short lived try and we didn't sustained by at least the price is around $3600 which is good so no clear indication that we can bottom again as others have been saying, like we should have a final capitulation before ascending to the top again.

[reliable]

its not slowed down but the declined literally slowed down the crypto's progress .  instead of dreaming that crypto can easily reach another new ath they now need to recover again first . that sucks but there's nothing we can do about this matter aside from speculating and doing our own business  .

just an update :  declines are now slowly diminishing since earlier today  .  i am now seeing greens  . this is good because this can be a sign of an incoming pump . what do ya think  guys  ?

We all are hopping and having good expectation that the market will recover very soon. We need to continue holding and do not try to sell in such a low market. i hope all the frustration will come to an end once bitcoin price reach to 8000$ and above. Most of the investors still managed to hold their coins and wait for the bullish run of the market.

Even when I spoke to several of my friends around the world their is quite a positive sentiment and seems that market might recover and things might just get back on the track and market will move above 5k and so on in coming time. Also, market bounces back which we have seen in the past as well.
 

[Jating]

Even when I spoke to several of my friends around the world their is quite a positive sentiment and seems that market might recover and things might just get back on the track and market will move above 5k and so on in coming time. Also, market bounces back which we have seen in the past as well.

At least its nice to hear that people around are still in the positive attitude as far as crypto is concern and they did understand that this market really operates like in a cycle so I'm sure that they are just waiting for the next cycle to start to make money again.

I haven't spoken to my friends though, but I do hope that they have the same positive attitude otherwise I will have another difficult day ahead of me for explaining what's the bright side of this bearish market can do to them, not in the current situation but the future effect.

[ethereumhunter]

its not slowed down but the declined literally slowed down the crypto's progress .  instead of dreaming that crypto can easily reach another new ath they now need to recover again first . that sucks but there's nothing we can do about this matter aside from speculating and doing our own business  .

just an update :  declines are now slowly diminishing since earlier today  .  i am now seeing greens  . this is good because this can be a sign of an incoming pump . what do ya think  guys  ?

We all are hopping and having good expectation that the market will recover very soon. We need to continue holding and do not try to sell in such a low market. i hope all the frustration will come to an end once bitcoin price reach to 8000$ and above. Most of the investors still managed to hold their coins and wait for the bullish run of the market.

It will recover soon, and we don't have to feel frustrated because we do not see bitcoin price at a high price. There is a time for bitcoin to rise again as before and there will be new people or investor who wants to buy bitcoin from a different price. Some investor still buys bitcoin and altcoin now because they think that right now is the best time for them to buy many coins because they never see this again in the future.