Today’s market movement is a clear replay of "The Boy Who Cried Wolf." The initial sharp decline was just a false alarm! Near the market close this morning, mainstream coins suddenly plunged at an angle of over 45 degrees, only to rebound again in the afternoon. Behind this bizarre trend, there’s both profit-taking pressure and large investors taking the opportunity to shake out weak hands.
From the market perspective, the volatility is indeed significant. The main coin index closed positively again, marking an 8-day consecutive rise, just one step away from ten days of consecutive gains. Today’s trading volume expanded to around 237.2 billion USDT, once again surpassing the 2 trillion level. But there’s a problem: the real body of the bullish candles is very small, and it has already broken above the upper Bollinger Band for 2 days. If it falls below the upper band, it will immediately test the middle band, which is a basic technical rule. The KDJ indicator has been dulled for 4 days, and next Monday could very well be a turning point. The index is pushing upward, but the CCI indicator hasn’t kept pace, indicating that active buying is actually dwindling.
This major shakeout has already sent signals: the market is obviously overbought, and a pullback could happen at any time—this is unavoidable.
The market is highly segmented. Up to 92 coins are rallying strongly, but over 3,400 are falling, with only 3 hitting the daily limit down. This shows that many altcoins are still in the phase of catching up or surging higher. In terms of operation, don’t be too greedy—after a big rise, it’s wise to sell in batches and avoid chasing highs.
The micro-market index also reveals clues: other coins can turn red, but it still can’t move, which itself indicates that short-term overbought conditions are extreme. The entire market needs a genuine correction to repair these overvalued indicators.
There are only three trading days left before the end of the year, and the probability of a pullback after a rally is quite high. Proper position management and well-planned take-profit and stop-loss strategies are key. For coins that haven’t yet surged significantly or broken out, you can continue to watch, but be sure to keep your operation rhythm steady.
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NonFungibleDegen
· 6h ago
ngl this smells like capitulation energy... we're probably hitting max cope soon ser
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CryptoGoldmine
· 10h ago
Looking at the 237.2 billion USDT trading volume, the KDJ stagnation signal for 4 days is actually quite clear; it's time to adjust the ROI cycle.
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The upper Bollinger band has been breaking through for two days and still pushing higher. Such small bullish candles can't hold up at all; a pullback to the middle band is only a matter of time.
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92 coins surged higher while over 3,400 declined, the level of divergence is truly outrageous. My mining profit ratio is actually more stable during such times.
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The CCI indicator didn't keep up, indicating that buying momentum has already weakened. Setting stop profits and stop losses is much more reliable than chasing highs.
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Eight consecutive bullish days is just one step away from ten, but the quality of this bullish candle is indeed questionable. The market is overbought by more than just a little or two.
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From the difficulty adjustment cycle, next Wednesday and Friday are very likely turning points. It's better to wait rather than rush into early positions.
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It's fine to continue monitoring coins that haven't broken out yet; the key is not to be greedy. Gradual selling is the right approach.
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ZenChainWalker
· 10h ago
You're playing this fake-out trick again, same old routine.
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Eight consecutive days of gains and now you want to push for ten straight positive days? I doubt it, KDJ has been dulled for 4 days.
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Honestly, today's trend is quite strange, the big players' shakeout feels too strong.
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Over 3400 cryptocurrencies, only 3 hit the limit down; this level of divergence is just too outrageous.
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The upper Bollinger Band has been broken through for 2 days, the technical indicators have already sounded the alarm.
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Buyers haven't caught up, the CCI indicator is just idling, how can it rise?
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The advice to not chase highs is truly golden, but unfortunately most people just don't listen.
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Micro trading still can't sell well, this overbought level is really ridiculous.
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Next week, three trading days of rising then falling, a correction is highly likely.
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Position management and stop-profit/stop-loss plans, this is the real capital for survival.
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RealYieldWizard
· 10h ago
It's the same old trick—after rising to the top, it still has to fall. Don't be scared by the high levels.
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CexIsBad
· 10h ago
Here is the translation:
Same old trick, every time they say overbought and need a correction, but it still keeps rising?
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Bollinger upper band, KDJ stagnation, ears are getting calloused from hearing it, but it still surges.
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Over 3400 cryptocurrencies, only 3 hit the limit down. The difference is stark—typical false prosperity.
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With such severe divergence, some still dare to chase the high. Truly brave.
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If there's no buying pressure, then there's no buying pressure. Don't try to hide behind technical indicators.
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Next week has three trading days until the end of the year. If it can't break new highs, it might crash.
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Every time they say not to be greedy and to sell in parts at high points, but how many actually make money doing that?
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If this wave really adjusts, those who chase high will be the ones crying.
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Micro-market index can't turn red, which means everything else is pointless.
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A 45-degree plunge followed by a rebound—are they shaking out the weak or just震仓? Anyway, the retail investors are steady.
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GweiObserver
· 11h ago
It's the familiar routine again, a fake move to shake out retail investors.
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KDJ has been dulled for 4 days. Can we still sleep peacefully this weekend?
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The upper Bollinger Band has been broken through for 2 days. Are you really not afraid of a pullback?
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92 types of gains and 3400 types of declines. This level of divergence is just too outrageous.
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This surge at the end of the year feels like an opportunity for big players to offload their holdings.
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Don't chase the high, really, it's already overbought to this extent.
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If next Monday turns out to be a turning point, I need to prepare in advance.
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Altcoins are surging in a frenzy for a rebound, but I still don't dare to buy in.
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Micro-cap indices are no longer selling well, what does that mean? It just means it's time for a correction.
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You need to think clearly about taking profits and cutting losses, or you'll get caught again.
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FlyingLeek
· 11h ago
It's the same old trick, I hate fakeouts the most.
Eight consecutive days of upward candles, and they're still so small, incredible.
KDJ has been sluggish for so long, breaking below next Monday is a sure thing.
Don't chase the highs, brothers, lessons learned from my blood and tears.
Over 3400 cryptocurrencies have fallen, only 92 have risen, this divergence is incredible.
Overbought conditions are ridiculous, a correction is bound to come sooner or later.
Take profit and stop loss are truly lifesavers; I didn't listen to advice before.
Micro trading is indeed a bit interesting, indicating this wave is just hype.
During the last three trading days of the year, there's a high chance of a quick rise followed by a pullback, stay steady.
Today’s market movement is a clear replay of "The Boy Who Cried Wolf." The initial sharp decline was just a false alarm! Near the market close this morning, mainstream coins suddenly plunged at an angle of over 45 degrees, only to rebound again in the afternoon. Behind this bizarre trend, there’s both profit-taking pressure and large investors taking the opportunity to shake out weak hands.
From the market perspective, the volatility is indeed significant. The main coin index closed positively again, marking an 8-day consecutive rise, just one step away from ten days of consecutive gains. Today’s trading volume expanded to around 237.2 billion USDT, once again surpassing the 2 trillion level. But there’s a problem: the real body of the bullish candles is very small, and it has already broken above the upper Bollinger Band for 2 days. If it falls below the upper band, it will immediately test the middle band, which is a basic technical rule. The KDJ indicator has been dulled for 4 days, and next Monday could very well be a turning point. The index is pushing upward, but the CCI indicator hasn’t kept pace, indicating that active buying is actually dwindling.
This major shakeout has already sent signals: the market is obviously overbought, and a pullback could happen at any time—this is unavoidable.
The market is highly segmented. Up to 92 coins are rallying strongly, but over 3,400 are falling, with only 3 hitting the daily limit down. This shows that many altcoins are still in the phase of catching up or surging higher. In terms of operation, don’t be too greedy—after a big rise, it’s wise to sell in batches and avoid chasing highs.
The micro-market index also reveals clues: other coins can turn red, but it still can’t move, which itself indicates that short-term overbought conditions are extreme. The entire market needs a genuine correction to repair these overvalued indicators.
There are only three trading days left before the end of the year, and the probability of a pullback after a rally is quite high. Proper position management and well-planned take-profit and stop-loss strategies are key. For coins that haven’t yet surged significantly or broken out, you can continue to watch, but be sure to keep your operation rhythm steady.