Bitcoin has been rising steadily on the daily chart these days, but is now starting to pull back from high levels. On the 4-hour chart, the MACD has already formed a death cross, and the RSI has fallen from overbought levels to the neutral zone. Although funds are still flowing into ETFs, there is significant selling pressure around 96300-97000. However, support around 95000-95500 remains strong. This correction should be a technical adjustment after reaching a new high.
Ethereum has also pulled back along with Bitcoin, but its resilience appears stronger. The support zone at 3280-3300 is holding very well. From a fundamental perspective, staking demand remains steady, and the Layer 2 ecosystem is active. The medium- to long-term logic remains intact. In the short term, the key is whether it can break through the resistance zone of 3370-3400.
📊 Trading Strategy
Bitcoin: Short positions can be attempted in the 96100-96300 range, targeting 95000-94500, with a stop-loss set at 96800.
Ethereum: Short positions can be opened gradually in the 3360-3380 range, targeting around 3300-3280, with a stop-loss at 3420.
Currently, the approach is more about technical shorting on rallies, waiting for rebounds to specific levels before acting.
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AirdropCollector
· 01-18 06:56
Once again, a classic high-level pullback. The key this time is whether we can hold above 95,000.
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HalfIsEmpty
· 01-18 04:03
A 96,800 stop loss is a bit tight. If this rebound is a trap to lure more buyers, what should we do?
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CexIsBad
· 01-16 02:29
Is this old trick of MACD death cross again? Aren't you tired of it?
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Whether the 95,000 level can hold is the real issue; everything else is just superficial.
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Ethereum's resilience is indeed top-notch, but without breaking through 3370, it's all for nothing.
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Going short again, how anxious must that mindset be? Let's wait for the rebound to be in place first.
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Staking demand + Layer2, why can't this logic help Ethereum break through?
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But on the other hand, ETF inflows haven't stopped, and Bitcoin can't seem to fall further.
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Stop loss at 96,800? That must hurt a lot to place such a big order.
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Gradually opening short positions on small ETH is indeed stable, but I'm worried the rebound might not come back.
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Is this correction really just technical repair? I feel like it still needs to fall.
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It stabilized at 3280, but it still feels like there's some pressure.
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AirdropHarvester
· 01-16 02:25
96300 has been emptied, betting that this wave can hit 95000, or else consider it as tuition fees.
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PoolJumper
· 01-16 02:24
This wave of correction is quite fierce; that barrier at 96,300 really can't be broken through.
View OriginalReply0
InfraVibes
· 01-16 02:06
I believe in the support at 95,000; now it's just a matter of whether it can hold.
#Strategy加仓BTC January 16 Trading Observation
Bitcoin has been rising steadily on the daily chart these days, but is now starting to pull back from high levels. On the 4-hour chart, the MACD has already formed a death cross, and the RSI has fallen from overbought levels to the neutral zone. Although funds are still flowing into ETFs, there is significant selling pressure around 96300-97000. However, support around 95000-95500 remains strong. This correction should be a technical adjustment after reaching a new high.
Ethereum has also pulled back along with Bitcoin, but its resilience appears stronger. The support zone at 3280-3300 is holding very well. From a fundamental perspective, staking demand remains steady, and the Layer 2 ecosystem is active. The medium- to long-term logic remains intact. In the short term, the key is whether it can break through the resistance zone of 3370-3400.
📊 Trading Strategy
Bitcoin: Short positions can be attempted in the 96100-96300 range, targeting 95000-94500, with a stop-loss set at 96800.
Ethereum: Short positions can be opened gradually in the 3360-3380 range, targeting around 3300-3280, with a stop-loss at 3420.
Currently, the approach is more about technical shorting on rallies, waiting for rebounds to specific levels before acting.