2026-01-16 05:28:01

Friday Market Watch: First, a key reminder—Beware of the Black Friday effect.

**Market Situation: Bulls and Bears Still Divergent, Prioritize Going Long**

Currently, traders' positioning is quite interesting, with many already buying call options. In this rally, the divergence between bulls and bears is indeed significant. Bulls target the 100,000 level, while bears believe the top is around 98,000. From the trend perspective, BTC has entered a clear upward phase. Until a trend reversal signal appears, it’s safer to prioritize going long. Chart-wise, BTC currently shows a bull flag correction pattern, which also supports a bullish bias. If one must short, focus on weaker altcoins, such as Dogecoin.

**Mainstream Coins Breakdown**

ETH has been consolidating at high levels for over a day with no obvious breakdown signals. This situation is ideal for a high sell and low buy strategy—short around 3380, long around 3280, with a fluctuation range of about 100 USD, offering quite a good intraday swing.

ZEC touched around 450 yesterday, then rapidly dropped to 400. It may test the channel start around 380 again. The short-term pattern shows a wedge formation with signs of stabilization. Once a bullish candle appears, it’s safe to go long, targeting 450, then short again near 450.

BCH’s situation is quite awkward. Yesterday, I placed a short order at 631 but missed the fill by 0.5 USD, missing a significant subsequent decline. The overall pattern is currently disorganized, in a chaotic fluctuation state. It’s best to wait for more K-line confirmations of a clear pattern before considering entry.

XMR shows a clear bullish flag pattern. Combined with the strong upward momentum, there’s likely one last push higher. Currently, consider positioning for a short at the top.

*This article is for market analysis only and does not constitute trading advice.*

BTC7,34%

ETH6,56%

ZEC8,85%

BCH5,67%

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MetaverseLandlady

· 01-17 14:18

Black Friday definitely requires caution; I've been cut before. Just 0.5 USD away, the luck is incredible. Whether it's 100k or 98k, those betting on this are all gamblers. I'm also playing this wave of ETH, with a stable daily profit of 100 dollars. If ZEC truly stops falling, I'll go all in; otherwise, I'll stay on the sidelines. XMR's flag pattern is indeed beautiful, but now is a cautious entry point.

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0xLuckbox

· 01-17 08:40

Hmm... 100k or 98k, anyway I just bet on the bull flag to continue rising Missing out on 0.5 dollars was a big loss, this is crypto haha I need to hold onto the ZEC wedge pattern that formed a bullish candle, feels like there's a chance I'm done with BCH, wait until it figures things out before considering Can XMR flag pattern reach 450 this wave? Let's block and try it out

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AlwaysQuestioning

· 01-16 05:57

Black Friday is coming, be careful, history may repeat itself Why do I feel like 100k isn't that easy to reach, 98k might really be the top ETH's recent stagnation is a bit annoying, still need to struggle for a $100 range up and down? Is the ZEC wedge really reliable? It looks like it's still searching for a bottom to me That $0.5 for BCH is really incredible, almost made a big profit XMR's flag pattern is beautiful, but I'm worried it might be another trap Dogecoin is so weak that I don't even want to look at it Black Friday effect, you need to watch out, don't get caught in a trap The bullish and bearish opinions are so divided, going long seems safer but I still feel there's risk

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ForeverBuyingDips

· 01-16 05:56

Oh no, Black Friday again. This time, can we avoid crashing? Going long is the right move, but I think 98k should be approached with caution. ETH is fishing at high levels this wave; is 3280 really the chosen spot? Is the ZEC wedge about to break? Feels like a wave could come at any time. BCH is just outrageous; I almost bottomed out. XMR's flag pattern looks good, but shorting at the top is too risky.

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TommyTeacher

· 01-16 05:53

Black Friday this wave, feels like I'm about to get cut again I dare to go long on the bull flag correction, why am I so bad That order at 631 almost hit, what a pity 98k peak? 100k? Talking so much, only time will tell ETH is just wavering there, might as well go see how DOGE died

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blocksnark

· 01-16 05:49

Black Friday this time, be careful not to get trapped Just 0.5 dollars away from taking profit? I've been through that kind of despair too 100k or 98k, honestly it's hard to judge, anyway, just follow the bulls for now ETH's consolidation this wave, being caught in the middle is the most uncomfortable, intraday swings are a way out ZEC's wedge pattern is about to break, watching closely BCH is indeed awkward, wait until the pattern becomes clearer XMR's flag pattern is beautiful, but shorting at the top is a bit risky This week's market is really quite divided, both bulls and bears have reasons Dogecoin really needs to cool down, it's too weak Bull flag retracement, a classic and solid pattern

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BearMarketSurvivor

· 01-16 05:45

100k is within reach, but you still have to watch out for Black Friday pitfalls. BTC bullish signals look comfortable no matter how you see it. Missing out on a $0.5 deal really makes you want to curse. Dogecoin is so weak, maybe consider bottom fishing. I'll try shorting ETH on this rally and going long on the dip. If ZEC forms a wedge pattern and stops falling, go for it boldly. Just afraid of another flash crash.

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DegenWhisperer

· 01-16 05:29

Black Friday, this wave really can't hold anymore. Who the hell can predict whether it's 100k or 98k? I mean, missing out on a trade that could make a profit with just a 0.5 USD difference, that must be so frustrating. ETH's high short and low long in this wave is like printing money, just waiting for that 100 USD fluctuation. Dogecoin is indeed weak, shorting it is always more reassuring than betting on the big trend. Shorting XMR at its peak is a brilliant move, there's some skill involved.

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