After spiking to 94800 in the early morning, it lost momentum. This round of market movement is really exhausting. Bitcoin indeed pulled back in the morning, but the strength was limited, leaving little room for operation. The short positions around 94000 from earlier are still held, and the second Bitcoin follows the main Bitcoin's rhythm, also in a narrow range of fluctuation.



From a technical perspective, the bulls show signs of stalling. Both the main and secondary Bitcoin have left upper shadows after breaking above the upper band, followed by a downward candle. On the 1-hour chart, the main Bitcoin has already broken below the middle band support, and indicators are weakening, suggesting continued opportunities for rebound and shorting.

Specific to operations: Bitcoin in the 93800 to 94300 range can continue to establish short positions, targeting the 92100 to 91000 range. The reference points for the secondary Bitcoin are 3225 to 3240, with targets at 3150 to 3100. If there is a rebound in the afternoon, these levels could present opportunities.
BTC-0,54%
View Original
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.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
LiquidationOraclevip
· 7h ago
94800 has stalled, I really can't hold on anymore, holding a short position and watching. This market is boring. The current rally is showing signs of fatigue, with upper shadows appearing. What's the next move? Continue shorting between 93800-94300? If there's a rebound in the afternoon, get in; otherwise, we have to wait. Holding the short position until my hands are sore, just hoping for a rebound to give an opportunity. Below 92000, watch out. The second pancake (a slang for a certain pattern or trader) following the trend is so annoying. When will we see some independent market movements?
View OriginalReply0
SandwichTradervip
· 01-06 07:57
94800 is just no fun anymore? Really, this market looks like biting into a dry biscuit, completely lacking any flavor. Holding short positions until it causes soreness, but I do agree with the logic of shorting on the rebound. Let's see if there's a rebound in the afternoon. Narrow-range fluctuations are the most annoying. Instead of playing around here, it's better to wait for a clear breakout opportunity.
View OriginalReply0
DEXRobinHoodvip
· 01-06 07:57
94800 just want to turn the tide, thinking too much, this is a knife-like market Holding short positions until trembling, it's not an ordinary torment Rebound smashing short positions, no problem, just see if there's an opportunity in the afternoon The middle band has broken down, indicators are also weakening, the bears should stand firm Can the 92 level hold? That's the key
View OriginalReply0
GasFeeVictimvip
· 01-06 07:52
94,800 is really impressive. Holding a short position still feels a bit uneasy, just worried about a sudden reversal.
View OriginalReply0
DuckFluffvip
· 01-06 07:47
94,800 is really disappointing and truly outrageous. This market trend has been exhausting, holding short positions has really tested my patience.
View OriginalReply0
CryptoTarotReadervip
· 01-06 07:28
94800 has already been invested, what else do you want? The market is just like this. What are you doing holding a short position? Stop loss when needed, don't fight with yourself. Narrow-range fluctuations are the most annoying. Isn't it better to wait for a rebound to get in? When the price is stagnating, it's time to run. Don't regret it after a breakdown. I'm also watching the 93800 short position, just worried about a false breakout.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)