2026-01-16 02:21:53

The recent market has been quite interesting. BTC has been repeatedly testing the support level at 95,000. In the short term, there doesn't seem to be any obvious negative news, and it should continue to fluctuate between 95,000 and 98,000 for a while.

XMR is even more noteworthy. The previously expected second target was around 760, calculated based on a 50% historical increase, but the price directly surged to 800, with a gain of 53%, already reaching that target level. As for whether 800 will become the top of this round, it's really hard to say.

Interestingly, the funding rate has remained positive, indicating that the bullish momentum is still quite strong, and there hasn't been any significant shift in the distribution of holdings. From this perspective, the mid-term trend hasn't truly weakened. My judgment is that after this wave of correction ends and a rebound occurs, it will most likely attempt to hit the previous high again, or even break through it and push for another rally.

In terms of trading, I set a partial sell order between 600 and 660. When the price dipped to 657 yesterday, only one order was filled, indicating that the desire to bottom fish isn't very strong. I'll continue to watch whether a true top forms around 800. As for ZEC, there are no new trading plans recently; I'm just holding and observing.

BTC-2,75%

ZEC-4,17%

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SybilAttackVictim

· 01-18 07:40

XMR this time really can't hold anymore, touched 800, hey I feel like there's still more to do.

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MidnightTrader

· 01-17 00:39

This wave of 800 gains is quite fierce, feels like the bulls still have some strength...

XMR's pace looks really comfortable, but if it drops below 800, it will be painful, right?

BTC is testing around 95K back and forth, this kind of fluctuation... probably will continue, right?

Funding rates have been positive, indicating no one really wants to run yet... interesting.

Should have reduced positions earlier at 857, now I kind of regret it, haha.

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SerumDegen

· 01-16 02:43

tbh xmr hitting 800 while funding rates stay positive is the kind of copium i live for... but yeah, that lack of volume on the bounce tells me nobody's actually buying the dip. classic liquidity trap energy. gonna get rekt eventually lol

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WhaleStalker

· 01-16 02:33

XMR this wave is indeed fierce, directly surpassing the expected target level. Whether 800 becomes a major top depends on how it develops later.

The continuous positive rate indicates that the bulls are still in control, which is quite crucial. The possibility of a breakdown is not high.

The lack of strong willingness to bottom fish also highlights the issue; a true bottom should attract more people to pick up bargains.

If the 800 level can hold, the rebound will really have some room for imagination.

BTC's fluctuations in that range are not promising in the short term. Let's wait for XMR to confirm the direction before making any judgments.

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AirdropworkerZhang

· 01-16 02:32

The 800 level indeed tests people; the rate still remains positive, and the bulls haven't given up yet.

657 just became a single order; indeed, no one is in a hurry to buy the dip. This detail is quite interesting.

This wave of XMR has exceeded expectations; let's wait and see if 800 can hold.

BTC keeps fluctuating like this, nothing new.

ZEC is just lying low for now, there's nothing much to say.

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