This Sunday, the market continues to fluctuate at high levels, with the volatility clearly narrowing, and there aren't many actual trading opportunities.
From the evening market view, Bitcoin is in the range of 91,300 to 91,900, and Ethereum is in the range of 3,150 to 3,180, both suitable for short positions. Currently, these short positions have already made small profits, so just hold on and don't rush to close the positions.
The trading strategy in the early morning remains to maintain a high shorting overall direction. For existing short positions, it is recommended to move the stop-loss points upward, above the previous high. This way, even if the stop-loss is triggered unexpectedly, there is no need to be overly nervous.
If the market surges higher, the levels of 92,600 and 93,500 are relatively obvious resistance points. When reaching these areas, consider gradually adding to short positions to participate in the pullback wave.
The support levels below need to be closely watched. First, look at the 90,500 level; if it is effectively broken, then look downward to the 89,300 and 88,700 levels. Profit-taking at support levels can be done in a step-by-step manner, taking profits in batches for safety.
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GasFeeBeggar
· 01-06 07:29
Playing the spider web at a high level again, the narrowing fluctuations are really annoying.
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CommunityLurker
· 01-04 20:51
Another stagnant market situation, really not much point.
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ProofOfNothing
· 01-04 20:40
The most annoying thing about sideways markets is that the range is too small to really play with.
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ser_ngmi
· 01-04 20:34
With the market oscillating like this, it feels like all fake moves. If a sudden big drop happens one day, the bears will be the real winners.
This Sunday, the market continues to fluctuate at high levels, with the volatility clearly narrowing, and there aren't many actual trading opportunities.
From the evening market view, Bitcoin is in the range of 91,300 to 91,900, and Ethereum is in the range of 3,150 to 3,180, both suitable for short positions. Currently, these short positions have already made small profits, so just hold on and don't rush to close the positions.
The trading strategy in the early morning remains to maintain a high shorting overall direction. For existing short positions, it is recommended to move the stop-loss points upward, above the previous high. This way, even if the stop-loss is triggered unexpectedly, there is no need to be overly nervous.
If the market surges higher, the levels of 92,600 and 93,500 are relatively obvious resistance points. When reaching these areas, consider gradually adding to short positions to participate in the pullback wave.
The support levels below need to be closely watched. First, look at the 90,500 level; if it is effectively broken, then look downward to the 89,300 and 88,700 levels. Profit-taking at support levels can be done in a step-by-step manner, taking profits in batches for safety.