Bitcoin and Ethereum's recent movements are worth paying attention to. From a technical perspective, Bitcoin faced resistance around 94,700, while Ethereum encountered pressure at the 3,308 level. Due to the prolonged sideways adjustment phase for both, the previously expected breakthrough of 100,000 has been adjusted, and the rebound strength may not be as strong as initially anticipated.
For traders who shorted in the 93,700-94,000 range yesterday, it is recommended to consider taking partial profits and securing gains at the current levels. Meanwhile, continue to observe the subsequent downward space. Bulls should pay attention to the support zone around 90,500-90,000, with Ethereum corresponding to the 3,085-3,120 area. If you previously placed long orders near 91,600, you can now consider taking small profits after deducting fees and adjusting your position.
Based on the current trend, Bitcoin appears relatively weak, and strategies need to be adjusted promptly. The key is to monitor the four-hour timeframe; once a clear bearish candle retracement occurs and forms a bottom reversal pattern, it will be an opportunity for bulls to re-enter. Operational suggestions will be updated simultaneously at that time. Until then, remain patient and observe for clearer signals.
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MetaverseMigrant
· 01-09 07:42
94,700 can't be broken, it feels like the dream of 100,000 is about to wake up.
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FarmToRiches
· 01-08 18:21
94700 this line is really holding strong, it feels like the dream of 100,000 has been paused.
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StablecoinArbitrageur
· 01-07 02:51
honestly this 94700 resistance is looking sus... been watching the 4h correlation patterns and the order book depth ain't convincing me we're breaking through anytime soon. slippage on that move would eat like 30bps easy, ngl
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SolidityJester
· 01-07 02:48
94700 is stuck again, losing 100,000 dreams
This sideways movement is so frustrating, should have reduced positions earlier
Shorts are making a killing, how much more room is there for decline?
No breakdown on the four-hour chart, no need to rush anything
Brothers going long, must hold the 90,000 line firmly
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bridgeOops
· 01-07 02:47
94,700 is just a paper tiger, it can't stand firm at all.
Breaking 100,000? Dream on haha.
Take profits on short positions and run, don't be greedy, brother.
Look at the four-hour bottom pattern, that's the real opportunity.
This wave of market movement is really a bit stuck, be patient and wait for signals.
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MentalWealthHarvester
· 01-07 02:43
94700 has been stuck again and again, this time tens of thousands of dreams have shattered many people's hearts.
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Short positions made a small profit and then exited, don't be greedy, there will be more opportunities later.
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Waiting for a reversal pattern, if the four-hour chart doesn't give a signal, just lie flat.
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Ethereum is also timid, wasting time together with Bitcoin.
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Support levels haven't held, and there's still a long way down.
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Those who took profits have already made money, and those entering now are just waiting.
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Sideways trading tests human patience the most. I've already given up watching the market.
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Let's wait for a retracement on the bearish candle, don't do anything for now.
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AltcoinTherapist
· 01-07 02:40
Ha, it's another frustrating sideways consolidation... Did the 100,000 dream shatter?
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Close the short position with profit, a steady move this time
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Still need to wait for four-hour signals, don't rush
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It's a bit weak, but so be it, I'm used to it anyway
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Can that 90500 line really hold? It's a bit uncertain
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Small profit, then exit to avoid fees, I like this move
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Wait for the bearish candle to retest, play patiently
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The 100,000 is gone, now just hoping for a reversal
Bitcoin and Ethereum's recent movements are worth paying attention to. From a technical perspective, Bitcoin faced resistance around 94,700, while Ethereum encountered pressure at the 3,308 level. Due to the prolonged sideways adjustment phase for both, the previously expected breakthrough of 100,000 has been adjusted, and the rebound strength may not be as strong as initially anticipated.
For traders who shorted in the 93,700-94,000 range yesterday, it is recommended to consider taking partial profits and securing gains at the current levels. Meanwhile, continue to observe the subsequent downward space. Bulls should pay attention to the support zone around 90,500-90,000, with Ethereum corresponding to the 3,085-3,120 area. If you previously placed long orders near 91,600, you can now consider taking small profits after deducting fees and adjusting your position.
Based on the current trend, Bitcoin appears relatively weak, and strategies need to be adjusted promptly. The key is to monitor the four-hour timeframe; once a clear bearish candle retracement occurs and forms a bottom reversal pattern, it will be an opportunity for bulls to re-enter. Operational suggestions will be updated simultaneously at that time. Until then, remain patient and observe for clearer signals.