After surging to 555.57 yesterday, it started to weaken, then oscillated downward all the way, with the lowest touching 487. The key support at 492 was directly broken through. In the short term, the bears are clearly dominant, and the pressure to short is indeed increasing.
Let's compare key levels—above, the resistance is around the 520 to 530 range where it previously consolidated; below, the support is at 480 to 490, and if it really breaks, be alert around 461. Further down, there's 434 waiting.
Regarding trading strategies, if you are still holding short positions, you can continue to hold them. Keep an eye on the 480 level; if it breaks, aim for the 460 to 430 range. Conversely, if the price can stabilize above 500, consider moderately adding long positions to test the waters. The cryptocurrency correction is still ongoing, so everyone should manage their own risks.
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LayoffMiner
· 5h ago
Breaking 492 really makes me a bit nervous, I feel like I need to look for 430 now.
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GateUser-40edb63b
· 01-05 17:26
492 has already been broken through, this time it's really aggressive. I feel it might need to continue dropping to around 460 to stabilize.
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FloorSweeper
· 01-05 08:38
492 has broken through, now it's really a bit uncertain... feels like we still need to see if 480 can hold
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Holding onto the short positions, anyway I've already lost this much, if it breaks 460, I'll exit
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555 can't be pushed up, this correction isn't over yet...
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Only consider going long above 500? I think it's uncertain, the probability of further decline is higher
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Key supports are breaking one by one, my mindset is a bit崩...
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That defensive line at 434 feels like it's getting closer, a bit panicked
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This wave of correction is really fierce, everyone should manage their risks well...
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The pressure at 520 to 530 is there, if it rebounds back, continue shorting
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480 is a pretty critical point, if it breaks, I'll exit immediately
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Don't chase while it's still oscillating, wait for signals to decide
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BearMarketBard
· 01-05 08:38
492 was directly broken through. This wave of short positions is indeed fierce. I'm still debating whether to chase the short down to 430.
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degenwhisperer
· 01-05 08:31
Breaking 492 means it's over; it feels like this wave is really heading to a bottom around 480.
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FOMOSapien
· 01-05 08:27
492 has been broken, now it depends on whether 480 can hold... If you ask me, this wave of correction is far from over, and it still needs to go lower.
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SerumSquirrel
· 01-05 08:26
492 has been broken, and they still want to hold at 480. This wave is really fierce... It feels like it's heading towards 430.
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RunWithRugs
· 01-05 08:24
492 was directly broken through. This time, it's really a bit intense. The bears are fierce. Let's see if 480 can hold up.
Market Analysis Notes | Mid-term Adjustment Node
After surging to 555.57 yesterday, it started to weaken, then oscillated downward all the way, with the lowest touching 487. The key support at 492 was directly broken through. In the short term, the bears are clearly dominant, and the pressure to short is indeed increasing.
Let's compare key levels—above, the resistance is around the 520 to 530 range where it previously consolidated; below, the support is at 480 to 490, and if it really breaks, be alert around 461. Further down, there's 434 waiting.
Regarding trading strategies, if you are still holding short positions, you can continue to hold them. Keep an eye on the 480 level; if it breaks, aim for the 460 to 430 range. Conversely, if the price can stabilize above 500, consider moderately adding long positions to test the waters. The cryptocurrency correction is still ongoing, so everyone should manage their own risks.