Looking at the recent market movements, it's really a test of patience. Bitcoin dropped from over 91,750 all the way down to 89,242, then rebounded back to around 91,400 to fluctuate; Ethereum followed a similar pattern, oscillating around 3,183, with a low of 3,052, and now back around 3,140.



Yesterday morning, my strategy was to go long on Bitcoin between 90,000-90,500 and on Ethereum between 3,100-3,120. But honestly, the rebound strength has been quite weak, and the profit margins aren't as generous as expected.

Here's my actual trading situation: Today, I entered three long positions and one short position on Bitcoin. In the afternoon, I took profits twice at 1209 points. The position I entered in the evening was a bit off, and although I added to it once to barely break even, I was stopped out with a 1,000-point loss, which was quite painful. For Ethereum, I closed two long positions after gaining 70 points each.

From a technical perspective, the four-hour chart shows that after three consecutive bearish candles, there's been a small rebound, but the Bollinger Bands' middle line is still moving downward, indicating a predominantly bearish trend, which makes trading difficult. The one-hour chart is even more straightforward: after a large bullish candle broke through the middle Bollinger Band, the upward momentum started to weaken, and the bulls couldn't push further. Resistance above remains quite heavy.

Therefore, the upcoming strategy is to focus on short positions at high levels. Specifically, Bitcoin can be shorted around 92,000-92,500 with a target near 89,000; Ethereum can be shorted around 3,150-3,180 with a target near 3,050. Market fluctuations are normal; the key is to stick to your strategy, stay rational, and see every wave as an opportunity to reassess.
BTC0,79%
ETH-0,31%
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AirdropNinjavip
· 01-09 04:06
Yeah, this wave is really tough. Breaking even is considered a profit, haha. --- I also see that the bullish candlestick is losing momentum; the bears are still quite aggressive. --- A 1000-point stop loss hurts. Next time, just remember to set it properly. --- It feels like this market is just bouncing back and forth, with no clear trend. --- The idea of shorting at high levels is good, but I'm just worried about a reversal. --- The Bollinger Bands continuously moving downward indeed indicates something's not quite right. --- Bro, your trading frequency this time is a bit high. Are you tired? --- I'm also watching the 92,000 short position, just hoping it can return to 89. --- Ending at 70 points is too conservative; there's still room for gains. --- Maintaining the right mindset is the most important. The market is all about probabilities.
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HashBardvip
· 01-08 19:47
the bounce narrative is crumbling faster than a jpeg holder's portfolio in a bear market... oscillating between hopium and capitulation, that's the real technical pattern nobody talks about ngl
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TradFiRefugeevip
· 01-08 19:43
Once again, I got cut again. That 1000-point stop loss was really brilliant. I think this kind of volatile market is the easiest to drive people crazy, making it hard to profit from both longs and shorts. The bearish pattern is indeed difficult to go long on. I agree with your idea of shorting at high levels, but I'm a bit worried about the short positions around 92,000, feeling that there might be a rebound and a test again. Ethereum now feels more like a burden; a 70-point profit really isn't meaningful.
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LightningPacketLossvip
· 01-08 19:34
It's the same old routine, really tests my patience. Looking at your side, you haven't made much profit, and you've even been cut by 1,000 points. That's just outrageous. High-level short positions sound good, but I think the market is too虚 (虚 means "虚" in Chinese, which can mean "虚" or "虚" in this context, but since the instruction is to translate all content, and "虚" is part of the sentence, it should be translated as "虚" or "虚" in English. However, "虚" in this context likely means "虚" as in "虚" or "虚" in Chinese, which translates to "虚" as "虚" or "虚" in English. But since the instruction is to translate all content, and "虚" is part of the sentence, it should be translated as "虚" or "虚" in English. However, "虚" in this context likely means "虚" as in "虚" or "虚" in Chinese, which translates to "虚" as "虚" or "虚" in English. But since the instruction is to translate all content, and "虚" is part of the sentence, it should be translated as "虚" or "虚" in English. 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MetaMaskedvip
· 01-08 19:26
A 1000-point stop loss really hurts, this market trend is truly torturous.
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