2026-01-16 05:21:12

Friday's market movement has unfolded as expected with a correction. Last night's decline, which broke through the previous day's low, was significant, but what really hit hard were other mainstream coins, most of which retraced to the key support levels from the night before. If Bitcoin continues to weaken, many altcoins might really undergo a round of shakeout.

Last night, I placed a long order on Ethereum at 3280 during the nighttime session, and I took profit as soon as I woke up this morning. As for the other coins, I didn't move those orders because they hadn't reached the preset levels yet. Currently, this still appears to be a normal retracement on the 4-hour chart, so there's nothing surprising about it. Today's key point is to keep an eye on the white line—if the 4-hour level can stay above this line, this correction will truly be over, otherwise, the market will continue to be under pressure, and I will keep adding long positions below.

A big move is expected tonight, and opportunities and risks often come together. If Bitcoin dips around 9350, consider going long; 9050 is a good level for adding to positions. The resistance levels at 9980 and 100,000 remain good short opportunities. On Ethereum, the area around 3215 is a good entry point for longs, 3100 is suitable for adding, and around 3445 could be considered for shorts. These levels are prepared for potential spike movements tonight, so keep your positions light—after a few days of comfortable gains for longs, be cautious of a possible deep trap from the market makers tonight.

From a technical perspective, Bitcoin's key level today is 96170. If the 4-hour candle can close above this level, the correction will be over, and the market can continue to break upward. Resistance levels above are 97170 (weak resistance), 97940, and 99800. Conversely, if the 4-hour chart fails to stay above 96170, it indicates the correction isn't complete yet, and support levels to watch closely are 94400, 93100, and 91.

BTC-0,47%

ETH-1,12%

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YieldWhisperer

· 01-19 04:57

ngl the whole "just watch the white line bro" energy is giving major 2021 vibes... seen this exact playbook before and it didn't age well lol. those support levels? actually the math doesn't check out when you factor in liquidation cascades. classic death spiral pattern incoming if btc breaks below here tbh

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LostBetweenChains

· 01-17 19:10

It's time for another shakeout; the bulls should wake up after this drop. Did Ethereum's move to 3280 directly take profit? Lucky you, haha. Is 96170 really that critical? It seems every time they say it's a key level, it still drops afterward. I've experienced this deep throat move by the market maker a few times, and I'm still a bit hesitant. Holding a lighter position is the right move; otherwise, you'll just wait to be trapped. Basically, it's about watching those two lines at 96170 and 3215. If they break, keep going; if not, wait and see. Another big fluctuation late at night? Here we go again, it feels like Friday nights are always volatile.

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BTCBeliefStation

· 01-17 14:06

Are we coming back to pick the bottom again? Last time, you suggested a shorting opportunity to buy the dip, and I'm still trapped. --- Ethereum hit 3280 to take profit, why are you so timid? Didn't it rise to 3400 afterward? --- Deep throat? Ha, that's a perfect analogy, haha. --- At 96170, it feels like it's going to break. Do you believe it? I believe it. --- Light positions, light positions. I listened to you ramble all night and went light, but I missed out on tenfold gains. --- Adding at 9050? Are you joking with us? Can it really fall that low? --- A few days ago, the bulls were comfortably making money? Why didn't I make any? Aren't we trading the same coin? --- Key levels, key levels. You keep talking about key levels every day. Are there really that many key levels? --- This round of shakeout is really coming. The small coins are probably going to get hammered. --- Breaking above the white line means it's over? Wake up, how many times have you said that?

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CounterIndicator

· 01-16 17:48

Oh no, another round of shakeout. I knew the big players weren't that kind-hearted. Took profits again, so comfortable... Just worried that tonight a deep throat drop might come straight down. The 96170 level must be defended at all costs; if broken, continue to buy lower. Positions should indeed be light; I got too excited a few days ago. If it drops to 9350, I'll add more; anyway, it's either profit or tuition. Bought in at 3215, the re-entry point is 3100. This combo punch still has some tricks up its sleeve. The white line position is too critical; if I can't stand above it, I'll keep holding long positions. This wave of adjustment is really "heartbreaking." The copycats have truly been educated badly. 96170 is the critical point; if broken, it will directly run to 94400 for support. A big wave is coming, everyone. Light positions are the way to go; don't let the big players cut you.

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SelfCustodyIssues

· 01-16 05:51

Making a profit on Ethereum this morning was great, but looking at this sharp decline now, the altcoins are probably going to suffer. If 96170 doesn't hold steady, it's over. I'll be watching the market again tonight. The dealer's "deep throat" move can easily trap people if not handled well; keeping a small position is the right choice. Add at 9050, anyway, sooner or later, I have to buy the dip. This wave of correction has disrupted my understanding of the market again, it's frustrating. Pairing opportunities with risks? Sounds like gambling—who knows what the dealer plans to do tonight. Not being able to hold above 96170 is really frustrating; falling below feels like an endless pit. Woke up and took profits directly, luck was on my side, but I'm worried about the subsequent pullback.

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NftMetaversePainter

· 01-16 05:50

ngl the algorithmic structure of these price action patterns is actually fascinating from a computational aesthetics perspective... that 96170 pivot point, it's almost like a hash value determining the entire trajectory of market sentiment. reminds me of my generative series exploring temporal volatility as visual substrate. anyway, stop loss discipline > lottery mentality fr

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MainnetDelayedAgain

· 01-16 05:47

According to the database, how many times has the delay notification for this wave of adjustments been sent... When taking profit at 3280, did you ever consider that it might rise again? How many days have passed since the last time you were optimistic about Ethereum?

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SchrodingerProfit

· 01-16 05:43

96170 this line is unstable, and tonight we'll have to take more hits again This morning, taking profits on Ethereum felt good, but I'm just worried the big players might give us a reverse deep throat in the afternoon The copycats are really suffering this round, weaker than Bitcoin Remember the 9050 re-entry point, don't be shaky It feels like this round of shakeout isn't over yet, just watch it

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GasFeeCrier

· 01-16 05:32

Oh no, another round of shakeout is coming. Altcoins are probably going to suffer. Last night, the feeling of taking profits at 3280 on Ethereum was so satisfying, but now I have to keep watching the market again today. Truly incredible. Let's see how the whales handle the bulls tonight; this deep throat move might be a bit harsh. If the 96170 level can't hold, we might have to keep going lower or just wait to be caught in a trap. Positions definitely need to be light. Profits from the past few days were too comfortable, but the risk is right in front of us. Every day, it's these key levels: 3215, 9350, 94400. I know them well, now just see if I can step on the right ones.

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MidnightTrader

· 01-16 05:28

Another round of shakeout is coming. This time, why does it feel like the big players are especially fierce? --- Did ETH 3280 take profit in that wave? Damn, you're really lucky. --- Adding to the position at 9050? I'm wondering if we can break 99800 tonight. --- If the white line can't hold steady, keep adding. This tactic feels a bit familiar. --- The term "Deep Throat" was used perfectly. These past couple of days, we really should be cautious. --- The 96170 key level must be watched closely; otherwise, it's just a continued downward trend. --- This wave of altcoins is really tragic. When Bitcoin weakens, everything else gets dragged down with it. --- It's good to say "keep your position lighter." Making too much profit a few days ago can actually be dangerous. --- I'm also considering adding at 3100. It all depends on how the market moves tonight.

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