Bitcoin's recent surge is seen as a shorting opportunity. In the short term, if it pulls back, the 94500 to 93200 range is a key support. If you want to catch the bottom, it's more prudent to act around 93200.
If there's an upward push during the day, 98000 is the first resistance. If it truly breaks through to 99000, I would consider adding to positions, but only if leverage and position sizes are well-controlled.
Ethereum also shows some interesting signs. Resistance between 3400 and 3450 is quite noticeable. If it can break above this range, you might try shorting again, but risk management is essential. On a pullback, 3250 to 3200 are bottom supports. Otherwise, wait for a dip near 3100 before considering long positions.
Overall, position management is crucial. Don't be greedy; follow these key levels.
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.
16 Likes
Reward
16
4
Repost
Share
Comment
0/400
DegenDreamer
· 01-15 11:58
93200 Bottoming at this point is interesting, but I think it depends on whether the support level breaks or not. Only when 99000 truly breaks through will I dare to add to my position.
Wait, for Ethereum, if it dips around 3100 and then moves up, it might be riskier. There's a chance of a pullback.
Leverage is a good point to discuss. Many people fail because of greed. I've seen too many margin calls.
View OriginalReply0
FunGibleTom
· 01-15 11:58
If we can't hold 93200, then let's sit back and watch the show. It feels like it's going to drop again.
View OriginalReply0
MEVSandwich
· 01-15 11:47
I had already set up at the 93200 level long ago, just waiting for the pullback. The greedy ones have all been cut off.
View OriginalReply0
MeltdownSurvivalist
· 01-15 11:34
I've had my eye on the 93200 level for a long time. Last time, I took a good bottom-fishing position here.
Waiting for a breakthrough of 98000. If it really breaks 99000, I will add more.
ETH has been entangled in this wave; 3100 is indeed my entry point.
Position management is easy to say, but in execution, it's easy to get greedy.
Bitcoin is moving at this pace, and the short-selling opportunity has indeed arrived.
If I can't buy at 93200, there's no rush; it probably won't fall too deep anyway.
If 99000 can't be broken, we'll just keep waiting for opportunities.
Ethereum has been stuck around 3400 for a long time, and it's finally about to move.
I'll heavily invest around 3100.
The biggest test in this market is mental resilience and leverage control.
Bitcoin's recent surge is seen as a shorting opportunity. In the short term, if it pulls back, the 94500 to 93200 range is a key support. If you want to catch the bottom, it's more prudent to act around 93200.
If there's an upward push during the day, 98000 is the first resistance. If it truly breaks through to 99000, I would consider adding to positions, but only if leverage and position sizes are well-controlled.
Ethereum also shows some interesting signs. Resistance between 3400 and 3450 is quite noticeable. If it can break above this range, you might try shorting again, but risk management is essential. On a pullback, 3250 to 3200 are bottom supports. Otherwise, wait for a dip near 3100 before considering long positions.
Overall, position management is crucial. Don't be greedy; follow these key levels.