Looking at the overall market sentiment in the early session, it still feels somewhat weak. There are no particularly strong directional signals for BTC. In this kind of market, it’s actually better to rely more on structure for trading.
Currently, on the 4-hour chart, the market is in a triangle consolidation pattern, with the price stuck around 95,000, roughly in the middle of the triangle. I think this position is not very suitable for shorting directly. First, the win rate is questionable; second, the risk-reward ratio isn’t very ideal. Instead of acting immediately, it’s better to wait and see if the price can rebound to around 97,000 before considering a short position.
Conversely, if the price effectively breaks below and falls through the 95,000 support level, then focus should shift to the support around 94,000, which could be a potential rebound opportunity.
One more detail: today is Friday, and I personally prefer not to make too many large trades. Be more cautious with your positions.
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.
17 Likes
Reward
17
8
Repost
Share
Comment
0/400
NFTDreamer
· 01-18 15:35
The market should stabilize this Friday. The 95,000 level is really insignificant. Let's wait for a rebound to 97,000 before making any moves.
View OriginalReply0
BtcDailyResearcher
· 01-16 12:22
Friday still needs to be calm, the 95,000 level is indeed trivial, I am also waiting for a breakdown.
View OriginalReply0
LiquidityHunter
· 01-16 04:40
95000 is really an awkward position, stuck in the middle, neither side is easy to approach.
Let's see if we can push to 97000, otherwise just hold the support at 94 and try our luck.
Friday still needs to be cautious, don't make the operations too complicated.
View OriginalReply0
MEVVictimAlliance
· 01-16 03:54
No fuss on Friday, I agree with that, but is it really so hard to judge the 95,000 level? It seems like everyone is waiting for a breakdown.
View OriginalReply0
NotFinancialAdvice
· 01-16 03:51
95000 is really uncomfortable, feeling stuck in the middle. Waiting for 97000 to buy in again feels a bit like gambling.
View OriginalReply0
AirdropHunterXM
· 01-16 03:50
Damn, it's the same triangle convergence again. Feels like we're waiting for a breakdown every day.
We really need to hold back on Friday. Last time, I was greedy on Friday and got hammered all the way until Monday.
View OriginalReply0
AirdropChaser
· 01-16 03:42
Friday still needs to be cautious, or else the weekend gap-up experiences that get blown out are enough already.
View OriginalReply0
LootboxPhobia
· 01-16 03:31
Friday's market conditions are indeed to be cautious about, and the 95,000 level is a bit of an awkward spot to be stuck at.
Looking at the overall market sentiment in the early session, it still feels somewhat weak. There are no particularly strong directional signals for BTC. In this kind of market, it’s actually better to rely more on structure for trading.
Currently, on the 4-hour chart, the market is in a triangle consolidation pattern, with the price stuck around 95,000, roughly in the middle of the triangle. I think this position is not very suitable for shorting directly. First, the win rate is questionable; second, the risk-reward ratio isn’t very ideal. Instead of acting immediately, it’s better to wait and see if the price can rebound to around 97,000 before considering a short position.
Conversely, if the price effectively breaks below and falls through the 95,000 support level, then focus should shift to the support around 94,000, which could be a potential rebound opportunity.
One more detail: today is Friday, and I personally prefer not to make too many large trades. Be more cautious with your positions.