This week's BTC and ETH market movements are quite clear—short first, long later, with the entire process characterized by visible oscillations.
Let's review the first half of the week. The range between 3250 and 3300 on Tuesday and Wednesday, along with ETH's 93000 and 94000, was the golden entry point for short positions at the time. The market certainly did not disappoint, dropping to around 3050 for Bitcoin and ETH falling below 89000. This decline was quite substantial for prepared traders.
The turning point came afterward. In recent days, the rhythm shifted to building long positions—continuously buying around 3070-3080 and 89500-90000. Honestly, this rebound space isn't large, belonging to a relatively narrow oscillation zone. But from a broader cycle perspective, the overall trend's activity range is clear, which is why key entry and exit points can be grasped.
Friends who kept up with this rhythm have generally secured significant profits, especially from the earlier downward move. Moving forward, watch whether the bulls can stabilize and hold the retracement support; the market still has stories to tell.
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BearMarketSurvivor
· 01-12 07:33
Oops, I really didn't miss this move; the bears took a heavy hit during that period.
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GweiWatcher
· 01-11 12:54
It's another pattern of first emptying and then increasing. Those who followed indeed made a profit. That day, I just didn't act decisively and was still hesitating around 3250, and as a result, I missed out.
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GasFeeCrying
· 01-11 12:51
It's that kind of market that looks simple but is actually full of traps. Those who didn't buy the dip will regret it again.
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LiquidationSurvivor
· 01-11 12:46
Oh, I managed to keep up with this wave of momentum, but it's a bit unfortunate that the rebound space is too narrow.
This week's BTC and ETH market movements are quite clear—short first, long later, with the entire process characterized by visible oscillations.
Let's review the first half of the week. The range between 3250 and 3300 on Tuesday and Wednesday, along with ETH's 93000 and 94000, was the golden entry point for short positions at the time. The market certainly did not disappoint, dropping to around 3050 for Bitcoin and ETH falling below 89000. This decline was quite substantial for prepared traders.
The turning point came afterward. In recent days, the rhythm shifted to building long positions—continuously buying around 3070-3080 and 89500-90000. Honestly, this rebound space isn't large, belonging to a relatively narrow oscillation zone. But from a broader cycle perspective, the overall trend's activity range is clear, which is why key entry and exit points can be grasped.
Friends who kept up with this rhythm have generally secured significant profits, especially from the earlier downward move. Moving forward, watch whether the bulls can stabilize and hold the retracement support; the market still has stories to tell.