ETH market dynamics tell an interesting story. Strong trends usually give you just one shot at catching the dip. But here's the thing—we're now looking at the sixth downward spike being labeled as a local floor. So what's really happening? Either the market's showing unprecedented patience with buyers, or it's running the same playbook for the sixth round, baiting traders into the same trap over and over.

11.4 Bitcoin (BTC) market analysis reference indicates that the price failed to stabilize above the resistance level of 110,000 during the intraday attack, and the market has reversed to fall back. Subsequently, it broke through the double support levels and broke the consolidation range. Currently, it is testing around 105,300 as expected, showing a slight rebound. The price has dropped more than 5,000 points intraday, and the current trend is approaching a key support level. If it breaks down again, there is a possibility of further decline. Therefore, Mr. Coin advises all coin friends to prepare in advance. In the short-term hourly chart, due to the continuous downward probing of the price, the Bollinger Bands gap is gradually opening. Currently, the trend is running near the lower band, but fortunately, the price has not deviated from the track, and it is currently showing a slight pullback, with the current price around 106,500. Bitcoin's current market is in a downward consolidation, and the intraday decline is significant, with strong short-term bearish sentiment. However, the 105,000 level has not been broken, so it is not advisable to blindly chase shorts in subsequent operations. Support below is focused on the 105,000 level, and resistance above is 109,500. In operation, it is recommended to short on rebounds and to go long slightly at low levels. 11.4 Bitcoin short-term reference: short at testing positions 108,500-109,500, stop loss at 111,500; stop loss: 500, target below 107,500; long at testing positions 104,000-105,500, stop loss 500, defend 102,000, target above 106,300, $BTC $GT $ETH #Gate新一期储备金报告出炉 #十二月降息预测 .

A profit-leading trader on a derivatives platform just opened a long position worth $71.94K on ETH at the $3,654.40 mark. This move signals bullish sentiment from someone who's been crushing it in the PnL rankings.