Recently, Bitcoin suddenly broke out of the small symmetrical triangle consolidation pattern. If the rebound doesn't come back and the previous "needle" low is also broken through, a genuine decline will begin in the short term.
The good news is that as long as it can climb back into the triangle area, there is a high probability of continuing to consolidate and build strength between $3300 and $3350. But the risks are also very real—the next support level to watch after breaking below $3300 is $3253. The previous rhythm of "rising for a while, then resting" has been completely disrupted.
From the hourly chart, $3346 is a key resistance level. Holding steady at this point is the only chance to restart the upward trend, aiming for the previous high or even breaking through new highs. Currently, it still looks relatively strong, but bears could initiate a sell-off at any time, so constant vigilance is necessary; sudden sharp declines can happen unexpectedly.
There's also a trap to watch out for—if the price surges upward but doesn't break the previous high, leaving a long upper shadow, it can easily evolve into a "double top" pattern, causing many traders to be shaken out. Conversely, such a pullback can provide an opportunity for late entrants. The macro trend still points upward, and after consolidation, the probability of continuing higher is greater.
The trading strategy could be to set up buy orders in batches between 3270 and 3240, with the first profit target at 3350 and the second at 3400. Once volume expands sufficiently and a clear breakout occurs, target the 3680 level directly.
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BackrowObserver
· 22h ago
3346 must hold firmly, or it will really slide down
Another round of "double needle topping" tricks, I've seen through it early
I'll exit if it breaks 3300, don't want to get trapped
After this wave of consolidation, it should be able to surge again, macro hasn't shown a reversal
Enter in batches around 3270, betting on it returning to 3350
Protection against sharp drops is real, the bears have been active these past two days
It looks quite resilient, just worried about a sudden plunge
Long positions are well positioned, wait for a breakout to 3680
The "needle" has already been pierced once, this time I need to learn my lesson
Range-bound trading is frustrating, when will it truly start moving
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potentially_notable
· 01-16 00:13
At this checkpoint 3346, if you can stay steady, there's a chance; otherwise, it'll be another big cut-loss drama.
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AirdropHunterZhang
· 01-15 01:57
You're trying to cut my leeks again. I already went all-in at the 3346 level, but then you suddenly hit me with a double top, and I watched helplessly as I got shaken out.
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SchrodingerAirdrop
· 01-15 01:56
Position 3346 really needs to be held, or else we'll be repeating the old script of "being shaken off the car" again.
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LiquidityWitch
· 01-15 01:56
ngl the triangle breakout thesis is giving me major ritual energy rn... like we're literally watching the market brew some arcane reversal potion at 3346. if that level holds, we're witnessing portfolio transmutation in real time fr fr.
Reply0
MEVHunter
· 01-15 01:53
3346 holding is just the mempool squeeze before the real backrun happens, ngl this whole "double needle" pattern they're warning about is exactly how retail gets sandwiched out before the institutional flow kicks in
Reply0
GasFeeGazer
· 01-15 01:51
3346 is still the key level to hold, or else we'll suffer another wave of pullback.
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YieldChaser
· 01-15 01:42
If you can't hold 3346, then it's all about 3253. This round is really a test of nerve.
Recently, Bitcoin suddenly broke out of the small symmetrical triangle consolidation pattern. If the rebound doesn't come back and the previous "needle" low is also broken through, a genuine decline will begin in the short term.
The good news is that as long as it can climb back into the triangle area, there is a high probability of continuing to consolidate and build strength between $3300 and $3350. But the risks are also very real—the next support level to watch after breaking below $3300 is $3253. The previous rhythm of "rising for a while, then resting" has been completely disrupted.
From the hourly chart, $3346 is a key resistance level. Holding steady at this point is the only chance to restart the upward trend, aiming for the previous high or even breaking through new highs. Currently, it still looks relatively strong, but bears could initiate a sell-off at any time, so constant vigilance is necessary; sudden sharp declines can happen unexpectedly.
There's also a trap to watch out for—if the price surges upward but doesn't break the previous high, leaving a long upper shadow, it can easily evolve into a "double top" pattern, causing many traders to be shaken out. Conversely, such a pullback can provide an opportunity for late entrants. The macro trend still points upward, and after consolidation, the probability of continuing higher is greater.
The trading strategy could be to set up buy orders in batches between 3270 and 3240, with the first profit target at 3350 and the second at 3400. Once volume expands sufficiently and a clear breakout occurs, target the 3680 level directly.