That rebound in the afternoon—I took it as a pullback continuation. Under the lamplight, flipping through books, I saw a sentence and froze for a moment. Every “bottom,” at that time, was treated as a continuation. Every “continuation,” at that time, was treated as a bottom. If you can’t tell them apart, it’s not your eyes. It’s that time and volume haven’t finished saying what they need to say.
Today, $ETH quote 1,898; it only rose 1.01% in 24 hours. Trading volume is 276 million USDT—just this little bit of volume. If you say it’s a bottom, you can draw support from the candlestick chart. If you say it’s a continuation, the volume and momentum truly didn’t keep up.
This afternoon I was rushing to pick a side, and now I kind of regret it. Since the volume didn’t move through, all my judgments were basically answering in advance.
The high and low during this period are 0.020000 / 0.012120, with trading volume of 0.33B USDT.
0.012120 is the key support that should be watched right now. If it breaks below, there’s no clear spot for bids to step in. Up at 0.020000 is the resistance for this round. Unless it builds volume and holds above, any rebound can only be treated as a short-term bounce.
Liquidity in this time window is thin, so price can easily be pushed around by small orders—wick spikes and “painting the order book” aren’t unusual. If you really want to act, don’t chase the market price with limit orders; and don’t set your stop-loss too tight.
Someone posted a sell order at 612.85 here, and the order book has been grinding around 604.8 nonstop.
The MA5 and MA20 are stuck together—604.86 and 604.92 respectively—basically the same price, like showing up with no clothes.
RSI is 53.3; it doesn’t look weak. But the MACD bulls are down to just the DIF hovering around -0.5, barely holding on. The Bollinger Band width is squeezed down to 1.1%, and it could choose a direction at any moment.
What really makes me alert is volume. With 510 million USDT in turnover, it’s only 0.4 times the 20-day average volume. In this kind of low-volume pull-up to 604.8, there’s no “foot” underneath.
My plan is slightly bearish. 612.85 is the previous high and also a resistance level that today couldn’t be touched. If it can’t break above here, it has to turn back. If it falls below 601.01, then the next level is a second confirmation at 601.5. If it keeps slipping, that won’t be interesting anymore.
If BTC suddenly starts and lifts BNB up to 612.85, I’ll admit I was wrong and exit—no arguing with the money.
But with the volume today, I don’t believe it can just go straight up.
Anyway, different entry costs—go ahead and panic; you do your thing, and I’ll wait for my 601.
Someone ate up 62,275 pins, but the trading volume is only half of what it usually is.
BTC is now at 63,381, grinding higher while riding along the MA5. But the MA20 is still capping at 63,820, and the MA50 is also stuck around 63,700. The three moving averages are tightly intertwined, and the direction hasn’t been declared yet.
The RSI on the daily chart is 48.5, which is relatively weak. The RSI on the 15-minute chart is only 42.1, while the 60-minute RSI is 60.6. The short-term wants to push up, but the long-term doesn’t approve—this kind of mismatch is the most exhausting.
The daily MACD is still bearish. Volume is 0.5 times, a textbook low-volume rebound. The bounce from the lower Bollinger band—62,288—was powered by the shorts not continuing to sell, not by the bulls putting in real, genuine buying.
So my probability distribution looks like this: Upward—requires strong volume to absorb 63,820 and turn the moving averages into a bullish resonance. Right now, I don’t see the volume. Downward—if it drops back below 62,275, it will test 57,800. The current low-volume, slow bearish drift is actually closest to this scenario. Range-bound—this is the current situation: wait for the direction.
My own plan is: wait for the price to retrace to around 57,800 to take another look. If it breaks below 59,588, I’ll admit I was wrong. Pushing up into the 66,956 area is a de-risking zone. These three levels aren’t guesses—first is a dense chip/holdings zone at a higher timeframe, and the latter two align with the daily Bollinger upper band and the previous high.
Most of my position has already been cleared near 62,275, and at this point I won’t enter.
In the afternoon I stared at the order book of $PLUME and suddenly thought of one of Livermore’s sayings.
He said most people lose money—not because they make the wrong call, but because they’re unwilling to admit they’re wrong.
That chance to admit it is disappearing second by second.
0.012600 is down, but not aggressively; in 24 hours it’s only 1.56%. Yet the $82 million USDT in trading is smashed into it—like a dull knife slowly grinding flesh.
I’m too familiar with this kind of chart.
In my head I kept saying, I’ll wait a bit more—what if it rebounds? My fingers just wouldn’t press the stop-loss button. Only after it really breaks down do I comfort myself by saying, “I’ll hold for the long term.”
But there’s no “long term” at all—just that I can’t face the fact that I chased after the price higher.
Livermore put it very bluntly. I don’t remember his exact wording, but the meaning is—go ahead and fool anyone, but don’t fool your own account.
Next time, I have to let go before I run out of breath.
Today XRP surged to a high of 1.0074, and in that moment, bro went all-in on position sizing.
He said that recently he was buying low and selling high, accumulating a little under 2,000 USDT, and he felt that this time he would finally break through.
The Bollinger Bands opened upward, the MACD turned bullish, and the RSI was in the low sixties—he kept looking and it looked more and more like the main uptrend phase.
When the price touched 1.0074 it got weak; it tried to inch upward on thinning volume, and if it couldn’t keep going up, it would drop.
The low dipped to 0.9882. His stop-loss was set at 0.99, and one bearish candle wiped everything out for him.
When he told me about it, his profit in the account had gone to zero—his principal wasn’t damaged, but he was completely drained.
In the past he was very steady: small positions, strict stops, no leverage—he would make a meal’s worth of money from a single swing.
What compounding fears most isn’t slowness, but the day you think, “This time is different.”
Losing money isn’t because you’re dumb. It’s because things had gone too smoothly before, and you start believing in your luck.
For now, don’t chase—wait until tomorrow and let the trading volume speak.
Monday morning’s meeting: everyone shouts “charge!” but the moment it’s time to pay, each person lowers their head to check their phone.
ETH is the same right now. The price is stuck around 1902, with trading volume at 200 million USDT and a volume ratio of 0.2.
The RSI on three different timeframes sits at 66.4, 66.7, and 67.5 respectively. The MACD is all bullish, with the signals aligned in the same direction.
Price is hugging the upper Bollinger band at 1904. MA5 is at 1900, MA20 at 1886, and MA50 at 1884. The moving averages are lined up very neatly.
All of that leans bullish.
But the problem is volume.
The Bollinger Band width is only 1.8%, and it’s been squeezed this tight. Normally, this is when you choose a direction—but the volume ratio of 0.2 means no one is really putting money in.
Above 1909 is the 24-hour high. Below 1869 is both the low point and the lower Bollinger band.
From the current price 1902 to resistance is only 7 points, while to support it’s 33 points.
With that kind of risk-reward, chasing longs is just lifting the sedan for someone else.
With volume縮 down like this, I really can’t say how far this move can go.
I won’t chase.
I’ll place a buy order at 1886, with a stop loss at 1865. When it reaches 1909, I’ll cut the position by half first.
If the MACD forms a dead cross in the high area, this trade is immediately invalidated.
Until the volume confirms and fills back in, don’t treat any rebound as a trend.
At this time last week, everyone was shouting about the next stop. Now $ETH 1,903—up 1.01% in 24 hours, with $185 million USDT in volume. That little bit of commotion, like a faucet that wasn’t tightened properly—just a few drops and it’s gone.
In crypto, about 80% of the rises and falls are a matter of liquidity. When they “flood the market,” trash coins can jump several times. When they “drain the liquidity,” even if the fundamentals are hard as steel, you still can’t lift your head. I’ve eaten this kind of loss. Now when I watch the chart, I look first at the faucet.
Today’s market is right there in front of my eyes. With this volume, compared to earlier days, it’s not even big enough for large money to fill its teeth. Price is stuck around 1900—it can’t go up, and it can’t come down. It’s not that it doesn’t want to move; there’s simply no water coming into the pool.
As for how things will go from here, I honestly don’t know.
Scale down and pull this breath—how long can it hold?
I really can’t figure it out.
RSI 81.5 is stuck in the overbought zone, yet the MACD is still bullish. The 15-minute volume is 0.1—shrunk to almost nothing. But on the 4-hour chart, volume has expanded to 1.6x.
Big timeframe players are entering, but small timeframe traders aren’t taking over. With this kind of volume structure, the worst thing is a sudden bear trap / turnaround and you’ll be caught by surprise.
Right now, the price is hanging entirely above the moving averages: MA5 1893 is running along with it, and MA20 at 1880 is holding it up. It looks strong, but that strength is fake. The Bollinger upper band at 1898 is capping it; the bandwidth is only 1.8%, and the bands have just slightly begun to open.
At 1897, the previous high and the Bollinger upper band overlap. Whether it can break through depends entirely on volume. 1869 is the bottom—once that level is broken, MA20 won’t be able to hold it either.
I plan to wait until it stands above 1897 before acting: go in with volume confirmation and more bullishness, stop loss at 1885, and target 1910. This is the risk tolerance I can accept—if I’m wrong, I’ll exit.
Climbing on thinning volume—once it falls, there’s nowhere to catch it.