Crypto circles value quick decision-making. While you're still hesitating about the direction, others have already taken profits and exited—the gap is built up little by little. The more you wait and watch, the more likely you are to fall behind.
Recent trading strategies have once again proven effective. The high-level short positions that we were optimistic about earlier were accurately executed. Last night, after Bitcoin surged to around 90500, it faced clear resistance, and during the day it continued to decline, dropping to a low of 89260. Ethereum showed similar performance, also falling to around 3074. In practice, we guided our students to enter short positions at the resistance point, and Bitcoin ultimately gained 1300 points in profit, which clearly shows that the market still follows certain patterns.
Currently, the market is rebounding from the bottom, and this kind of oscillation and correction over the weekend is very normal. From the four-hour chart, the price is near the upper band of the Bollinger Bands. Although there are signs of a short-term rebound, the overall downward pattern has already been established. The hourly chart is even clearer—after five bearish candles, the price touched the lower band and rebounded, which is the typical weekend movement. The market needs time to consolidate positions; patience is required before the next move.
What’s the next step? The core principle is—short on rallies. Bitcoin around 90000 can continue to be shorted, with a target below 89000; Ethereum around 3110 can be shorted, with a target near 3000.
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Alright, I've heard this explanation too many times. Starting to talk about patterns at 1300 points? I'll see if I can hold the 89000 level next week first.
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ShibaMillionairen't
· 01-03 13:47
These 1,300 points sound great, but you can lose them all back in a flash. Don't put too much faith in any patterns.
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BlockchainArchaeologist
· 01-03 13:39
Showing off performance again, 1300 points sounds pretty good.
Crypto circles value quick decision-making. While you're still hesitating about the direction, others have already taken profits and exited—the gap is built up little by little. The more you wait and watch, the more likely you are to fall behind.
Recent trading strategies have once again proven effective. The high-level short positions that we were optimistic about earlier were accurately executed. Last night, after Bitcoin surged to around 90500, it faced clear resistance, and during the day it continued to decline, dropping to a low of 89260. Ethereum showed similar performance, also falling to around 3074. In practice, we guided our students to enter short positions at the resistance point, and Bitcoin ultimately gained 1300 points in profit, which clearly shows that the market still follows certain patterns.
Currently, the market is rebounding from the bottom, and this kind of oscillation and correction over the weekend is very normal. From the four-hour chart, the price is near the upper band of the Bollinger Bands. Although there are signs of a short-term rebound, the overall downward pattern has already been established. The hourly chart is even clearer—after five bearish candles, the price touched the lower band and rebounded, which is the typical weekend movement. The market needs time to consolidate positions; patience is required before the next move.
What’s the next step? The core principle is—short on rallies. Bitcoin around 90000 can continue to be shorted, with a target below 89000; Ethereum around 3110 can be shorted, with a target near 3000.