Recently, the Christmas market for Bitcoin and Ethereum hasn't been very exciting—BTC is fluctuating within a narrow range, with an amplitude close to 2000 points, and trading volume is also shrinking, which is awkward. But don't fall asleep; the more stagnant this situation looks, the more likely it is to build up for a big move. From a trading perspective, I prefer to look for shorting opportunities at high levels. Specifically, BTC can consider short positions around 91,000, and ETH around 3050, but only if the setup is right; if not, don't force the trade. The true direction of the market will depend on the breakout after this buildup.
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.
5 Likes
Reward
5
4
Repost
Share
Comment
0/400
FallingLeaf
· 7h ago
Dead water is holding a big move. I'm also waiting to take the position on this short. Don't rush.
View OriginalReply0
memecoin_therapy
· 7h ago
The dead water period is the hardest to endure, but it is indeed a signal before a sharp rise.
View OriginalReply0
BlockDetective
· 7h ago
Dead water brewing a big move, this wave really should be waited for, don't rush to buy the dip.
View OriginalReply0
CryptoComedian
· 7h ago
Smiling and then crying, this market really looks just like my wallet—empty
Dead water holding back a big move? I think it's a dead fish turning over, don't run away by cutting your legs off later
I’ll keep the 91,000 short orders for now, wait for a signal from the market before acting, or it will just be another empty victory
A 2000-point fluctuation—do you call that uninteresting? I think it's just the last harvest of the final leeks
The buildup often explodes in places I dare not look, so I choose to lie flat
If you can't get in position, don't operate. That's very true, but unfortunately, I am the kind of person who forces trades
I've marked ETH at 3050, but I bet five bucks it will turn against me and stab me in the back
Shrinking trading volume = main players are stockpiling? Or are the main players also sleeping? That’s a question for the exchange
This kind of situation I fear the most—it's often the calmest moments that are the most dangerous
Recently, the Christmas market for Bitcoin and Ethereum hasn't been very exciting—BTC is fluctuating within a narrow range, with an amplitude close to 2000 points, and trading volume is also shrinking, which is awkward. But don't fall asleep; the more stagnant this situation looks, the more likely it is to build up for a big move. From a trading perspective, I prefer to look for shorting opportunities at high levels. Specifically, BTC can consider short positions around 91,000, and ETH around 3050, but only if the setup is right; if not, don't force the trade. The true direction of the market will depend on the breakout after this buildup.