2026-01-03 04:21:34

BTC opened the morning with a long upper shadow and a bullish body candle, and over the weekend, it entered a sideways consolidation at a high level.

Long position review: The first batch of positions was exited at 8.9, and fully closed by 9.06. This wave of rally gained over 2600 points, with the sell points almost at the high. Subsequently, a short position was set up at 9.02, waiting for a pullback signal, continuing to adopt a high sell and low buy approach.

Technical analysis: From the pattern perspective, Bitcoin has fully formed a W bottom and has risen proportionally at 1:1. It successfully broke through the downward trendline of the converging triangle, then continued upward. The key question now is—can the market withstand the resistance zone between 9.02 and 9.06? Or will it start to retrace from here?

The subsequent trading strategies are as follows:

**For bearish traders**: Set up short positions at 9.02-9.06 or enter at market price directly, with a stop-loss at 9.2, first target at 8.85, second target at 8.75.

**For bullish traders**: Place a buy order near 8.85-8.8, with a stop-loss at 8.7, first target near 8.95, second target around 9.02.

The market pace is fast, and key support and resistance levels are clear. Just choose the direction that matches your risk preference and execute accordingly.

BTC0.31%

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.

9 Likes

Reward
9
5
Repost
Share

Comment

0/400

CryptoFortuneTeller

· 10h ago

Damn, it just dropped to 2600 points? Why am I still holding at 8.95?

View OriginalReply0

BlockchainBard

· 10h ago

Selling at the high point is really brilliant; this wave of momentum was so well managed.

View OriginalReply0

MaticHoleFiller

· 10h ago

It ran at 2600 points, this pace really leaves nothing to be said. Sideways trading at high levels is really annoying. Can it hold up betting on 9.02-9.06? I’m also waiting here for the short positions buried at 8.85. If this wave can't break through the resistance, a pullback is really coming. Bullish friends, don't panic. The 8.7 support is still pretty solid, right?

View OriginalReply0

SnapshotBot

· 10h ago

Once again, sideways at a high level. This rhythm is really annoying. All cleared at 2600 points. No one has better luck than this. Breaking or not breaking between 9.02-9.06 is still an issue. Just wait and see.

View OriginalReply0

FUD_Whisperer

· 10h ago

9.02-9.06 is really a hurdle. Let's see if this wave can hold up. Wait, are you clearing your position now? I feel like I can still eat another bite. The sideways trading is so annoying, just give me a direction. Ran at 2600 points, a bit conservative, brother. Over there at 8.85, the setup is ready, just see if it can drop. W-bottom to 1:1 rally, a classic move, but will this time break the level? High sell, low buy sounds simple, but actually executing it is a blood and tears story. Defend at 8.7, feels a bit tight, how's the risk? Only the brave dare to chase longs now, I choose to wait. This wave's pace is indeed fast, but I'm more afraid of a quick plunge.

View OriginalReply0