The crypto market showed a typical rebound pattern this week, but how far this rally can go remains uncertain.
Looking at Bitcoin, it stabilized above 94.7K and rebounded strongly to around 97K, but this does not necessarily indicate a trend reversal. Support levels are at 94.7K and 90.6K, while resistance is in the range of 98K to 100K. Currently, the risk of chasing the high is significant, and a more prudent approach is to patiently wait for clearer market signals.
Although Ethereum rebounded along with Bitcoin, its exchange rate performance is relatively weak, and there are no obvious signs of capital inflows into altcoins. This indicates that Bitcoin remains the market's main player, and Ethereum lacks independent momentum support, so it’s better to stay on the sidelines for now.
The situations of XRP and ZEC are quite awkward. The weakness of these two coins is quite evident, and any rebound is more like a good opportunity for shorting. XRP needs to focus on the resistance at 2.18, while ZEC should be cautious of the potential double top formation around 450. From a medium-term perspective, both of these assets are worth targeting as short positions.
Ultimately, the current market is still in the rebound phase of a bear market, not a restart of a bull market. The key to trading is to stay patient. By the end of the month, the market is likely to provide clearer directional signals, and it will not be too late to finalize specific strategies then.
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ContractCollector
· 01-16 03:15
Another rebound, another rebound. When will it finally stop? I don't think 100K will definitely break.
Wait, why does this analysis make it seem like XRP has become a short target again? Shorting it every day, is there really profit in that?
Bitcoin is just showing off alone, other coins are indeed silent, a bit cold.
Deciding the winner by the end of the month? Then I should rest now and not make reckless moves.
ETH's current state feels like it's being left behind, but I'm still holding on.
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BlockchainNewbie
· 01-15 16:20
Just a rebound, a rebound, but it's still a bear market after all this time... Let's see again before the end of the month.
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GasFeeNightmare
· 01-15 09:54
Once again, it's the "rebound trap" routine. It's really time to wake up and stop being fooled by the 94.7K support.
XRP and ZEC are truly hopeless. I already removed them from my watchlist a long time ago.
A bear market rebound is just a sickle. There will be another dip before the end of the month, betting on my GAS fee.
Wait, can BTC really break 100K? It's a bit uncertain.
Ethereum's performance this week has been really disappointing, completely overshadowed by Bitcoin.
Why are there still people chasing the high? Have they been brainwashed by blockchain?
Looking at this trend, I think it's time to reduce holdings. Safety first.
The direction signal at the end of the month is very critical. Holding coins now is just gambling.
ZEC double top? I saw it coming a long time ago. The short opportunity is right there.
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TrustlessMaximalist
· 01-15 09:45
Another rebound story, can you believe it? 97K clearly is a trap to lure more buyers this time.
XRP and ZEC really should be shorted, there's nothing more to say.
Let's wait for the signals at the end of the month, no need to rush.
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GasWastingMaximalist
· 01-15 09:40
It's the same old trick of calling a bull run during a rebound. BTC hits 97K but is still suppressed. Do you really think this time it can break 100K?
A bear market rebound is just a stage for shorting. XRP and ZEC are two worthless coins that should have been sold off long ago.
Wait until the end of the month. Those chasing the high now will just get trapped.
ETH is losing momentum with the rally; better to go short directly.
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BoredApeResistance
· 01-15 09:37
It's the same old "waiting for signals" talk. After all this time, I still don't know how to operate.
XRP short target? Bro, you better set good stop-losses. The last two times you said this, you got proven wrong.
Ethereum is following the rebound, but it doesn't seem interesting. Let's just keep observing.
The direction will only be clear at the end of the month? Then what should I do these two weeks—eat, sleep, and play games?
Is breaking 100K really that difficult? Feels like it's only a matter of time.
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GhostAddressMiner
· 01-15 09:36
97K just want to turn things around? On-chain footprints tell me it's not that simple... Early whale addresses have recently shown abnormal trading patterns around 94.7K, this guy is probably testing support. A real breakout depends on the fund migration trajectory. Over on ETH, it's even more amusing, completely being dragged along without any independent signals. XRP and ZEC have already been marked by me; the suspicious fund flows for these two tokens have long exposed downward risks. If no clear on-chain signals are provided before the end of the month, everyone should just play it safe and stay on the sidelines.
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GasBankrupter
· 01-15 09:32
94.7K that hurdle has been crossed again, but I still don't dare to get excited... Let's wait until the end of the month to see
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XRP is so weak, I really should consider a reverse operation
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Ethereum just follows the big brother for soup, poor thing
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A bear market rebound is just a trick game; those chasing highs will all suffer losses
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The double top of ZEC, indeed, needs to be guarded against
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Staying calm is easy to say, but who can really do it
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If 99K-100K can't be broken, we'll have to go back to the starting point
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Without inflow into altcoins, you know the smart money is just waiting around, watching the show
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Honestly, Bitcoin is just a cash machine; other coins are just accessories
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Signal at the end of the month? Then I have to survive until the end of the month first
View OriginalReply0
gm_or_ngmi
· 01-15 09:27
The bear market rebound is still ongoing. Don't be fooled by 97K; the real moment to see through the tricks is at the end of the month.
The crypto market showed a typical rebound pattern this week, but how far this rally can go remains uncertain.
Looking at Bitcoin, it stabilized above 94.7K and rebounded strongly to around 97K, but this does not necessarily indicate a trend reversal. Support levels are at 94.7K and 90.6K, while resistance is in the range of 98K to 100K. Currently, the risk of chasing the high is significant, and a more prudent approach is to patiently wait for clearer market signals.
Although Ethereum rebounded along with Bitcoin, its exchange rate performance is relatively weak, and there are no obvious signs of capital inflows into altcoins. This indicates that Bitcoin remains the market's main player, and Ethereum lacks independent momentum support, so it’s better to stay on the sidelines for now.
The situations of XRP and ZEC are quite awkward. The weakness of these two coins is quite evident, and any rebound is more like a good opportunity for shorting. XRP needs to focus on the resistance at 2.18, while ZEC should be cautious of the potential double top formation around 450. From a medium-term perspective, both of these assets are worth targeting as short positions.
Ultimately, the current market is still in the rebound phase of a bear market, not a restart of a bull market. The key to trading is to stay patient. By the end of the month, the market is likely to provide clearer directional signals, and it will not be too late to finalize specific strategies then.