Bitcoin intraday short-term market observation, the 4-hour timeframe shows a typical oscillation and correction trend. The current price is maintaining slight fluctuations in the 93,000-94,000 range, with the overall market leaning towards bullishness, but it has entered an overbought state requiring correction. This stage carries higher risk for chasing the market.



Regarding this round of adjustment, there are two feasible trading strategies:

**Strategy 1: Dip Buying on Pullback**
Consider entering long positions when the price retraces to the 93,100-93,300 range, with support levels around the EMA7/20 moving averages or the 93,000 integer level. Take profit in stages at 94,000-94,500, and set stop-loss below 92,700. This approach has a relatively high success rate and is the most conservative.

**Strategy 2: Short-term Short Play**
If the price surges toward 93,900-94,200 near previous high resistance, a small short position can be taken. The take profit target is a pullback to the 93,000-92,500 range, with a stop-loss above 94,500. This strategy carries higher risk and is suitable for experienced traders; position control is crucial.

Overall, now is not a good time to chase the rally; wait for the correction to complete before entering for a more stable approach.
BTC-1,47%
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.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
BoredRiceBallvip
· 01-09 02:58
Buying at the peak after being overbought, are you out of your mind? Isn't it better to wait for a correction before jumping in?
View OriginalReply0
WalletWhisperervip
· 01-08 17:13
ngl the overbought narrative is giving me pause... whale clustering around 94k suggests they're not done accumulating yet, pattern recognition says this "correction" might be a feint tbh
Reply0
memecoin_therapyvip
· 01-06 03:56
It's the same old buy-the-dip story. Every time, they say overbought conditions will lead to a correction. And what happens? Retail investors still get cut.
View OriginalReply0
TokenomicsPolicevip
· 01-06 03:56
It's the same old story again, I've heard the advice to buy low and sell high a hundred times.
View OriginalReply0
StopLossMastervip
· 01-06 03:44
It's time to test your mindset again. Just hold the 92700 level firmly, don't panic.
View OriginalReply0
ChainMaskedRidervip
· 01-06 03:34
Oh no, it's overbought again... Don't chase the high this time, guys, listen to me. There's not much room here, just about 1000 points back and forth, isn't it better to buy low? Why insist on chasing? Only below 92700 would I dare to bottom fish, or just wait a bit, anyway, a correction is bound to come. Short-term shorting... Whoever dares to play this is a real braveheart haha, I'll just honestly wait for a pullback to go long. The 93000 level is interesting, I feel like it will keep bouncing around here for a while.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)