Yesterday, Bitcoin showed some weakness. During the US session, it dropped to 89,300 before starting to rebound, and is now around 91,400. The previous long position strategy resulted in a trap; I switched to short in the afternoon, which helped recover earlier losses. Currently, the short-term trend remains weak. Rebounds are likely to be sold into again, so don’t be fooled by the rebounds.
At this level, Bitcoin faces resistance at 91,500. A break below could target 90,000; if Ethereum loses the 3,150 level, the next target is 3,000. In this kind of market, chasing rallies is too risky. Waiting for a rebound to short might be more comfortable.
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.
12 Likes
Reward
12
6
Repost
Share
Comment
0/400
FantasyGuardian
· 01-09 05:07
89,300 has dropped again. This rebound will still require chopping leeks tomorrow.
View OriginalReply0
RooftopVIP
· 01-09 03:27
Low leverage pitfalls, luckily I reversed with a short in the afternoon to recover. This wave of market movement really requires waiting for a rebound before smashing again to feel comfortable.
View OriginalReply0
GameFiCritic
· 01-09 03:23
Falling into a pit and then turning around to make up for it— I like this approach. However, whether the rebound continues to drop depends on whether the trading volume can support it. Be careful not to get yourself trapped.
View OriginalReply0
SandwichTrader
· 01-09 03:21
Getting caught in a low buy-in was really embarrassing, but luckily I reversed and took a short position in the afternoon to save the situation. Otherwise, I would have been completely green today.
View OriginalReply0
SchrodingersPaper
· 01-09 03:05
Haha, I really stepped into a trap again. The short positions exploded immediately, but luckily I reversed and went long to save the situation. Otherwise, it would have been a real loss.
Wait for the rebound to drop, this move is too obvious. Don't be fooled.
The US wants to treat BTC as a reserve? Dream on. First, they should crush their own Bitcoin to $3,000 before talking.
View OriginalReply0
Layer2Observer
· 01-09 03:04
Fallen into a trap again and recovered by shorting. This operation is indeed a bit interesting. However, I have some doubts, why wait for a rebound to short? Technically speaking, the support strength at this position needs further validation.
#美国探讨BTC作为战略储备的可行性 1.9 Friday Bitcoin and Ethereum Technical Brief
Yesterday, Bitcoin showed some weakness. During the US session, it dropped to 89,300 before starting to rebound, and is now around 91,400. The previous long position strategy resulted in a trap; I switched to short in the afternoon, which helped recover earlier losses. Currently, the short-term trend remains weak. Rebounds are likely to be sold into again, so don’t be fooled by the rebounds.
At this level, Bitcoin faces resistance at 91,500. A break below could target 90,000; if Ethereum loses the 3,150 level, the next target is 3,000. In this kind of market, chasing rallies is too risky. Waiting for a rebound to short might be more comfortable.
$BTC $ETH $BNB