#比特币价格走势 Yesterday, after closing a BTC short position with a profit of $21,000, I decisively switched to long, leveraging 40x with a position of $1.24 million — James Wynn's move from "short to long" gave me a lot of inspiration. His liquidation price is at 87,111, indicating that this guy still has confidence in a short-term target of 92,000-97,000.
My judgment is basically the same: BTC daily chart shows an rounded top pattern, with 90,000-90,500 as a key resistance. Once broken, it will head straight to 91,600-92,000. More importantly, the weekly RSI has already fallen to 35, which is an extremely oversold level since January 2023. Historically, every time it hits this level, it’s worth paying attention to — either a rebound near the bottom or further decline. But based on on-chain trading activity and contract liquidation data, the bulls have already been shaken out, making further upside more likely.
Interestingly, the head and shoulders pattern on ETH is still being worked out. A short-term rebound may occur, but only a break above 3080-3110 can truly turn it bullish. Compared to that, BTC’s opportunity is clearer, and the profit expectations are more definite.
As for altcoins, don’t bother looking. BSC is already in a weak phase, and new projects with a market cap of just a few hundred thousand are the ceiling. Continuing to chase will only get you harvested. Instead of wasting effort digging through the trash heap, it’s better to wait for the heat to return. Currently, the only sectors with real profit potential are Alpha and contracts; the rest are dead waters with liquidity dried up.
If it drops back to 88,000-87,500, I will continue to lay low, with a stop-loss at 87,000. If this rebound succeeds, it will at least be a 90,000+ move.
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.
#比特币价格走势 Yesterday, after closing a BTC short position with a profit of $21,000, I decisively switched to long, leveraging 40x with a position of $1.24 million — James Wynn's move from "short to long" gave me a lot of inspiration. His liquidation price is at 87,111, indicating that this guy still has confidence in a short-term target of 92,000-97,000.
My judgment is basically the same: BTC daily chart shows an rounded top pattern, with 90,000-90,500 as a key resistance. Once broken, it will head straight to 91,600-92,000. More importantly, the weekly RSI has already fallen to 35, which is an extremely oversold level since January 2023. Historically, every time it hits this level, it’s worth paying attention to — either a rebound near the bottom or further decline. But based on on-chain trading activity and contract liquidation data, the bulls have already been shaken out, making further upside more likely.
Interestingly, the head and shoulders pattern on ETH is still being worked out. A short-term rebound may occur, but only a break above 3080-3110 can truly turn it bullish. Compared to that, BTC’s opportunity is clearer, and the profit expectations are more definite.
As for altcoins, don’t bother looking. BSC is already in a weak phase, and new projects with a market cap of just a few hundred thousand are the ceiling. Continuing to chase will only get you harvested. Instead of wasting effort digging through the trash heap, it’s better to wait for the heat to return. Currently, the only sectors with real profit potential are Alpha and contracts; the rest are dead waters with liquidity dried up.
If it drops back to 88,000-87,500, I will continue to lay low, with a stop-loss at 87,000. If this rebound succeeds, it will at least be a 90,000+ move.