A 27k bounce doesn't necessarily signal bullish momentum. From a technical perspective, this recovery from lows reads more like profit-taking or a dead cat bounce rather than genuine buying pressure. Unless we see sustained volume and higher highs, treating this as a bearish setup makes sense—especially if resistance kicks in and the move fizzles out.
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ApeWithNoFear
· 15h ago
Dead cat bounce, didn't see anything substantial.
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DefiPlaybook
· 15h ago
According to on-chain data, the trading volume of this 27k rebound accounts for only about 12.8%, which is still far from a true bottom confirmation. The specific analysis is as follows—First, there is a lack of signs of large institutional buy orders; second, the pressure from trapped positions at high levels has not been released; third, the rebound height shows a significant divergence from the previous high points. It is worth noting that if there is no sustained volume breakout above the resistance level, this is more likely just a dead cat bounce. Risk warning: beware of a further pullback.
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HappyToBeDumped
· 15h ago
I've heard the "dead cat bounce" theory too many times; I just want to see who dares to actually take the plunge.
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TokenomicsTrapper
· 15h ago
nah this is literally textbook greater fool theory. watched the same pattern play out three times already—volume's absolutely anaemic, just algos shaking out the weak hands before the real dump. resistance at 28.5k gonna murder this bounce in real time lol
A 27k bounce doesn't necessarily signal bullish momentum. From a technical perspective, this recovery from lows reads more like profit-taking or a dead cat bounce rather than genuine buying pressure. Unless we see sustained volume and higher highs, treating this as a bearish setup makes sense—especially if resistance kicks in and the move fizzles out.