2026-01-30 05:19:48

In my previous update article, I mentioned that Bitcoin can be shorted around 89216, with a stop loss just above 90,000. If you saw the analysis and took action, congratulations on your profits~

BTC broke below the upward channel, and for the first time in a large timeframe, it broke below the previous low. The decline is strong, but it's also difficult to chase the short. The primary focus is to watch for a retest to short. The next major low in the large timeframe will be at 80607. If it cannot hold there, then the most important support is around 74000.

Today's outlook

Short (trend-following)
Retest at 86053-86518

Long
For now, observe again. I will be watching the 74000 level.

BTC-5,87%

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
like
2
Repost
Share

Comment

0/400

SunshineWarmsTheWinter

· 6h ago

Is Bitcoin continuing to rebound? I still have a long position of 83,332, but I don't want to hold it anymore. When will this market turn around?

View OriginalReply0

MountainLai

· 6h ago

The significance of STTW: We experience setbacks because heaven does not allow us to stop striving. Among the easiest things in the world, procrastination is the least effortful. Dreams that might be laughed at are the ones worth pursuing, and even if we fall, we do so with dignity. Desire fuels enthusiasm, perseverance smooths out mountains. A person is not afraid of regretting what they have done in the future, but fears regretting what they haven't done. The meaning of struggle is not only to make money but also to soothe the dissatisfaction in one's heart and realize the value of coming into this world. If you are also a passionate part of the hardship, join us, and let's ride the wind and waves together!

View OriginalReply0