2026-01-07 07:24:01

Last night's market was truly exciting. Bitcoin was initially pushed up to a high of 94,500, then institutions heavily dumped, causing the price to plummet straight down to 91,300. Just as a rebound seemed to be forming, it was again lost around 93,000. Ethereum followed Bitcoin's rhythm throughout, showing no independent performance.

Behind this decline, the Fed's rate cut expectations became the best excuse for institutions to concentrate their sell-offs. From a technical perspective, although the current correction is quite significant, there is still some support below, and today is likely to enter a consolidation phase.

For trading strategies, consider short positions in Bitcoin within the 93,300 to 93,600 range, with the first target at 92,200. If the price continues to break down, the next support zones are 91,200 to 90,200. For Ethereum, short positions around 3,290 to 3,310 can also be considered, with a target of 3,220. If the downward break is confirmed, pay attention to the performance around 3,160 to 3,100. Overall, the short-term trend is more likely to be a period of oscillation and adjustment.

BTC0.24%

ETH-0.77%

View Original

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.

19 Likes

Reward
19
4
Repost
Share

Comment

0/400

OnChainArchaeologist

· 01-08 06:23

Institutions are again pulling the wool over retail investors' eyes, their tactics are still so old-fashioned. I've already entered a short position at 93,300. Watching these big players perform their tricks. ETH is really just a puppet following Bitcoin's lead, with no backbone.

View OriginalReply0

failed_dev_successful_ape

· 01-07 07:42

Last night's dump was really intense, institutions are ruthless when they get serious. --- It's the Federal Reserve's fault again; they use this excuse very skillfully. --- That 93,000 level, whether it breaks or not depends on today's performance. --- ETH is still following the trend; when will it start its own rally? --- Short positions get hammered in the opposite direction, I'm already numb. --- See you at 92,200; just being able to cut losses is good enough. --- That 3,100 level must hold; if it drops further, it will really collapse. --- Is it the整理阶段? I think it's just waiting for the next wave of dumping. --- When institutions unload, retail investors are just the little guys, huh. --- Entered short at 93,600 and made a profit; still, technical analysis was correct.

View OriginalReply0

AirdropHustler

· 01-07 07:36

This wave of institutional dumping is really ruthless; I almost got washed out last night. The bearish strategy is indeed clear, just worried about another reverse move.

View OriginalReply0

PumpAnalyst

· 01-07 07:33

The institution's selling strategy this time is brilliant, they've completely wiped out the retail investors. It's bearish, but the rebound at 93,000 definitely tricked quite a few people into entering [thinking]. If it breaks down, it breaks down. Anyway, support levels are meant to be broken. Wait a minute, can Ethereum still be so tightly correlated with Bitcoin? That's not scientific. Short-term volatility is the best opportunity to cut losses, everyone pay attention to stop-losses. I've seen quite a few manipulative tactics from the big players, but this time the rhythm is indeed a bit something.

View OriginalReply0