Bitcoin daily chart is currently operating at the key level of 98,000. Interestingly, this exactly corresponds to the Fibonacci 0.382 rebound level. From a technical perspective, the price just successfully broke through the resistance zone of 94,000. According to normal market behavior, a normal pullback confirmation is expected.
My trading idea is as follows: first, consider short positions at the 98,000 level, observing the strength of the pullback. If the price drops as expected to around 94,000, that will be the second opportunity—turning to long at 94,000 and then aiming for the higher target of 103,000. The logic behind this approach is that 94,000 becomes a new support level, and the upward space is relatively clear.
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ZKSherlock
· 21h ago
actually... fibonacci retracements are just probabilistic pattern recognition, not cryptographic primitives. the real question is whether you're actually treating this as a *trust assumption* or just gambling with better marketing? 🤔
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DaoResearcher
· 01-15 11:03
The 98,000 level... According to the technical indicator framework in the white paper, Fibonacci 0.382 indeed provides strong theoretical support, but it is worth noting that the applicability of this traditional TA in the on-chain governance ecosystem is being deconstructed.
Speaking of which, your double-layer logic of short → long positions assumes that market participants' incentive mechanisms remain consistent. However, based on historical data, at key support levels like 94,000, flaws in mechanism design tend to be amplified... 1. Retail FOMO sentiment 2. Whale sell-off expectations 3. Derivative leverage liquidations.
Can 94,000 truly become a new support? I suggest first checking the on-chain liquidity heatmap for the past three months; the data will tell you the answer.
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StopLossMaster
· 01-15 10:52
The 98,000 level is indeed interesting; even Fibonacci aligns with it.
Be cautious with short positions; the key is the rebound strength.
Only if 94,000 truly stabilizes will the outlook look better.
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LiquidityNinja
· 01-15 10:50
The 98,000 Fibonacci data is interesting, but I'm more concerned about whether 94,000 can really hold...
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BlockchainTherapist
· 01-15 10:49
98000 is indeed an incredible level, even Fibonacci levels align perfectly, it's a bit scary.
Bitcoin daily chart is currently operating at the key level of 98,000. Interestingly, this exactly corresponds to the Fibonacci 0.382 rebound level. From a technical perspective, the price just successfully broke through the resistance zone of 94,000. According to normal market behavior, a normal pullback confirmation is expected.
My trading idea is as follows: first, consider short positions at the 98,000 level, observing the strength of the pullback. If the price drops as expected to around 94,000, that will be the second opportunity—turning to long at 94,000 and then aiming for the higher target of 103,000. The logic behind this approach is that 94,000 becomes a new support level, and the upward space is relatively clear.