A technical rebound can happen at any time, but it is more like an "emotional recovery."
From a technical indicator perspective, most mainstream coins have entered oversold territory in the short term, with MACD and RSI showing signs of divergence, indicating conditions for a technical rebound. However, it should be noted that such rebounds are often driven by short covering and short-term capital, and do not necessarily indicate a trend reversal. #Weekend Market Analysis
I am more inclined to view this weekend's potential rise as an "emotional recovery market." It rises quickly and also falls quickly. Without sustained volume, it is easy to encounter resistance at key levels.
Strategically, I would choose liquid, sufficiently fallen mainstream coins for short-term trading, such as ETH and SOL, rather than chasing highly volatile small-cap altcoins. The goal is simple: ride the rebound, and avoid fighting the trend.
Are you trading based on short-term sentiment, or waiting for the trend to clarify before taking action? Feel free to share your approach.
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.
A technical rebound can happen at any time, but it is more like an "emotional recovery."
From a technical indicator perspective, most mainstream coins have entered oversold territory in the short term, with MACD and RSI showing signs of divergence, indicating conditions for a technical rebound. However, it should be noted that such rebounds are often driven by short covering and short-term capital, and do not necessarily indicate a trend reversal. #Weekend Market Analysis
I am more inclined to view this weekend's potential rise as an "emotional recovery market." It rises quickly and also falls quickly. Without sustained volume, it is easy to encounter resistance at key levels.
Strategically, I would choose liquid, sufficiently fallen mainstream coins for short-term trading, such as ETH and SOL, rather than chasing highly volatile small-cap altcoins. The goal is simple: ride the rebound, and avoid fighting the trend.
Are you trading based on short-term sentiment, or waiting for the trend to clarify before taking action? Feel free to share your approach.