Recently, Bitcoin and Ethereum have been repeatedly oscillating at high levels, with bullish and bearish forces clearly opposing each other.
Yesterday's trading strategy was to go short at higher levels; indeed, in the early morning, there was a pullback to around 3180 and 91200, with a decent retracement. Later, during the early trading session, short positions were added at high levels, and small profits were taken during the decline. Currently, the market is still oscillating at high levels—you can see it surge up for a while, then pull back, and then rebound and recover.
Bitcoin experienced a relatively sharp pullback, showing a V-shaped rebound on the 4-hour chart, but volume has not kept pace, and RSI has entered the overbought zone, indicating a technical need for a correction. Ethereum reached a high of around 3307 last night, then dropped to support at 3181, and this morning rebounded to around 3300 but faced resistance. It is now consolidating in the 3270 range. The overall trend is synchronized with Bitcoin, but Ethereum has more flexibility.
From the daily chart perspective, the price is still above the moving averages, maintaining a complete bullish pattern. However, there is heavy selling pressure at the 3300 and 94000 levels. RSI is in overbought territory and flattening, indicating short-term adjustment pressure. The 4-hour chart shows support around 3180 and 91000, with a rebound forming an upward channel, but there are clear signs of bearish divergence and inverted hammer patterns, indicating significant resistance.
Based on these analyses, the recent trading strategy is: consider shorting Bitcoin in the 93200 to 93600 range, with targets around 91000 to 91500; for Ethereum, short near 3280 to 3300, with targets at the support zone of 3180 to 3200. Market fluctuations should be monitored in real-time; strategies are for reference only, and risk is borne by oneself.
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NFTArchaeologist
· 01-09 22:43
Still oscillating at high levels, this wave really tests patience
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RSI is overbought but still pushing, feels like a correction is coming
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The idea of short positions is good, but the trading volume is a bit fake
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The 3300 level is indeed under great pressure, it should have retraced earlier
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The bullish pattern is complete but overbought, short-term patience is needed
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Ethereum has enough elasticity in this wave but faces heavy selling pressure, optimistic about returning to around 3200
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The appearance of bearish divergence is indeed a bit hard to hold up
View OriginalReply0
gm_or_ngmi
· 01-09 04:35
Buddy, it's the same V-shaped rebound again. You still expect it to rise without increasing volume? Forget it, just keep it empty.
View OriginalReply0
SybilAttackVictim
· 01-08 23:18
Oh no, it's the same high-position short-selling routine again. Making quick money and then running, I find it nerve-wracking.
The RSI is overbought and still resisting, it would be strange if this correction doesn't come.
That 94,000 level is really holding tightly, the selling pressure is terrifyingly heavy.
View OriginalReply0
LightningPacketLoss
· 01-08 19:48
The short position got crushed again. This market is really annoying, constantly tugging back and forth.
View OriginalReply0
SerumSqueezer
· 01-07 06:56
It's just a back-and-forth again, these high levels are indeed a bit annoying.
View OriginalReply0
FunGibleTom
· 01-07 06:56
Still stuck in a tug-of-war at a high level, really annoying. When will it finally settle down?
View OriginalReply0
token_therapist
· 01-07 06:35
Still teetering at 3300. Repeatedly organizing this is really exhausting.
View OriginalReply0
On-ChainDiver
· 01-07 06:28
If 93,600 is freed up, I have to hold on tight; the RSI is overbought and should have been adjusted long ago.
Recently, Bitcoin and Ethereum have been repeatedly oscillating at high levels, with bullish and bearish forces clearly opposing each other.
Yesterday's trading strategy was to go short at higher levels; indeed, in the early morning, there was a pullback to around 3180 and 91200, with a decent retracement. Later, during the early trading session, short positions were added at high levels, and small profits were taken during the decline. Currently, the market is still oscillating at high levels—you can see it surge up for a while, then pull back, and then rebound and recover.
Bitcoin experienced a relatively sharp pullback, showing a V-shaped rebound on the 4-hour chart, but volume has not kept pace, and RSI has entered the overbought zone, indicating a technical need for a correction. Ethereum reached a high of around 3307 last night, then dropped to support at 3181, and this morning rebounded to around 3300 but faced resistance. It is now consolidating in the 3270 range. The overall trend is synchronized with Bitcoin, but Ethereum has more flexibility.
From the daily chart perspective, the price is still above the moving averages, maintaining a complete bullish pattern. However, there is heavy selling pressure at the 3300 and 94000 levels. RSI is in overbought territory and flattening, indicating short-term adjustment pressure. The 4-hour chart shows support around 3180 and 91000, with a rebound forming an upward channel, but there are clear signs of bearish divergence and inverted hammer patterns, indicating significant resistance.
Based on these analyses, the recent trading strategy is: consider shorting Bitcoin in the 93200 to 93600 range, with targets around 91000 to 91500; for Ethereum, short near 3280 to 3300, with targets at the support zone of 3180 to 3200. Market fluctuations should be monitored in real-time; strategies are for reference only, and risk is borne by oneself.