Last night, I adjusted my approach in time. Since the trend hasn't changed, there's no need to always think about taking profits on both ends. Trying to do both high and low positions simultaneously can lead to greed and overtrading. It's better to honestly stick to one direction, keep an eye on the resistance level above, follow the plan, and stay consistent with the outlook.
Bitcoin is interesting this wave. The daily K-line had five consecutive bullish candles earlier, and now it's three consecutive bearish candles. Truly, the tides turn over thirty years—what was up is now down, and vice versa. The biggest risk in trading is chasing the highs and selling the lows. My advice is to only attempt to participate at key levels.
Yesterday, a long lower shadow small bearish candle formed, stopping the decline after retracing to the midline support. The MACD bullish momentum is shrinking, while KDJ and RSI are already turning downward. Looking at the 4-hour chart, although there was a rebound with four bullish candles, a pin was formed at 89200, followed by a long lower shadow, then three consecutive small bullish candles with long upper and lower shadows. The rebound strength is clearly limited, with insufficient momentum, so I don't recommend chasing the rally. On the hourly chart, there have been multiple attempts to test resistance around 91500. MACD energy is still insufficient and continues to shrink. If you hold long positions, consider protecting your profits or cutting losses; around 91500 is about the limit.
For intraday trading, focus on shorting at the three resistance levels of 91500, 92800, and 94000. Support levels to watch are around 90500, 89000, and 88000.
For Ethereum, the resistance levels are at 3130, 3180, and 3250—consider shorting at these points. Support levels are at 3080, 3030, and 2950.
What does trading ultimately come down to? Winning with the right mindset, losing with bad temper. The excitement of trading lies in the experience, and the essence of trading is in patience. Experts don't trade frequently to accumulate small gains; they target opportunities and strike decisively. Most people are caught up in the gains and losses of each trade, but only a few are often in loss—yet once they seize the opportunity, they can turn the tide in one move.
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StakeWhisperer
· 2h ago
The saying "what goes around comes around" is true, but right now holding long positions feels a bit uncomfortable. Should I cut at 91,500 or not?
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LiquidityWitch
· 3h ago
ngl the whole "wait for the kill shot" vibe hits different... most traders just speedrunning their liquidations while the real ones brew their alpha in dark pools. that patience sermon at the end? that's literally the alchemy nobody wants to hear 🔮
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FunGibleTom
· 01-09 06:02
That's right, greed is the biggest enemy of trading. Those who try to buy high and sell low in a rising market always end up losing.
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PonziDetector
· 01-09 06:01
Handshake, your point about mindset is spot on. These past few months, I've been stuck because of my temper.
Still chasing the rise? Bro, I advise you to stay calm. Waiting for a good position isn't that hard.
The 91500 key level really needs to be watched closely. If it can't break through, don't mess around.
Honestly, cutting losses is much more comfortable than holding on and enduring. Don't ask me how I know.
A comeback sounds great, but most people lose it before they get that chance.
I've noted the Ethereum resistance level. I'll be watching the 3180 area.
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SerumSurfer
· 01-09 06:01
This wave of market movement indeed makes it easy to chase highs; the key positions are the real opportunities.
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MEVHunter_9000
· 01-09 05:48
Oh my, I'm too familiar with this trick. It's both high-altitude and waiting. To put it nicely, it's just watching and not daring to move.
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SudoRm-RfWallet/
· 01-09 05:46
The saying "biting off more than you can chew" really hits home; I was slapped in the face by it before.
Last night, I adjusted my approach in time. Since the trend hasn't changed, there's no need to always think about taking profits on both ends. Trying to do both high and low positions simultaneously can lead to greed and overtrading. It's better to honestly stick to one direction, keep an eye on the resistance level above, follow the plan, and stay consistent with the outlook.
Bitcoin is interesting this wave. The daily K-line had five consecutive bullish candles earlier, and now it's three consecutive bearish candles. Truly, the tides turn over thirty years—what was up is now down, and vice versa. The biggest risk in trading is chasing the highs and selling the lows. My advice is to only attempt to participate at key levels.
Yesterday, a long lower shadow small bearish candle formed, stopping the decline after retracing to the midline support. The MACD bullish momentum is shrinking, while KDJ and RSI are already turning downward. Looking at the 4-hour chart, although there was a rebound with four bullish candles, a pin was formed at 89200, followed by a long lower shadow, then three consecutive small bullish candles with long upper and lower shadows. The rebound strength is clearly limited, with insufficient momentum, so I don't recommend chasing the rally. On the hourly chart, there have been multiple attempts to test resistance around 91500. MACD energy is still insufficient and continues to shrink. If you hold long positions, consider protecting your profits or cutting losses; around 91500 is about the limit.
For intraday trading, focus on shorting at the three resistance levels of 91500, 92800, and 94000. Support levels to watch are around 90500, 89000, and 88000.
For Ethereum, the resistance levels are at 3130, 3180, and 3250—consider shorting at these points. Support levels are at 3080, 3030, and 2950.
What does trading ultimately come down to? Winning with the right mindset, losing with bad temper. The excitement of trading lies in the experience, and the essence of trading is in patience. Experts don't trade frequently to accumulate small gains; they target opportunities and strike decisively. Most people are caught up in the gains and losses of each trade, but only a few are often in loss—yet once they seize the opportunity, they can turn the tide in one move.