2026-01-16 05:30:33

Bitcoin failed to rebound effectively since falling back last night, with the short-term rebound target zone locked in around 98,000-99,000. From a logical perspective, the idea of shorting at high levels remains unchanged, continuing to look for opportunities to short on a rally. The key support levels to watch below are in the 94,500-93,200 area. If the price retraces to around 93,500-93,200, bulls can consider deploying long positions within this range.

Regarding Ethereum, the four-hour chart indicates it is in a correction phase. The short-term resistance for a rebound is at 3,330, which is an important technical resistance. Only if the four-hour closing successfully breaks above 3,330 will there be a chance for the market to continue upward. If the breakout is confirmed, the next target resistance is in the 3,400-3,450 area. From an operational perspective, continue holding high-level shorts, with potential re-entry around 3,650. The key support levels below are at 3,205-3,180. Bullish investors can look for entry opportunities within this range.

BTC4,36%

ETH3,64%

View Original

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.

14 Likes

Reward
14
8
Repost
Share

Comment

0/400

CryptoSurvivor

· 01-18 03:04

The market has pulled back again. If it can't break through 98k-99k, we'll keep looking bearish. This wave is a bit torturous. --- It feels like I have to try several times at the 3330 level. ETH is just like that. --- Be careful, sisters, when shorting at 93500-93200; it might still continue to fall. --- If you have a good short position, sell on rallies. Simple and violent is the most effective. --- Position at 3180 feels promising; I am expecting more. --- Another high-level short, this routine is almost worn out, but it does make money. --- BTC is too volatile; I wish I hadn't chased earlier. --- If it breaks through 3400, I will add to my position. Let's see how this goes. --- If it drops to 94500, I guess I will stop out; it's too risky. --- ETH's movement is just a repetitive tormenting game.

View OriginalReply0

DegenApeSurfer

· 01-16 05:59

It's not like I've never seen it before. If 94500 can't be broken, I'm really going to laugh to death. Just waiting to buy the dip.

View OriginalReply0

ForkYouPayMe

· 01-16 05:55

98k still can't break through, feels like it's going to fluctuate again. Short positions still need to be held. If it can stabilize around 93200, the bulls will have a chance. Right now, it's still a bit uncertain. ETH at this broken 3330, honestly, it's not very meaningful... waiting to add to short positions.

View OriginalReply0

LiquidityHunter

· 01-16 05:49

Still bouncing around near 98k. Can we finally break through this time? It feels like the 93200 support level still needs to hold, or else the bears will be too aggressive. Ethereum has been stuck at 3330 for a long time... breaking through is indeed a bit difficult. I've noted the 3650 re-entry point. Let's see if I can catch the bottom.

View OriginalReply0

PriceOracleFairy

· 01-16 05:46

nah the 94500-93200 support zone is giving me statistical anomaly vibes... like why's everyone waiting there? feels like liquidity trap energy tbh. btc's just oscillating in the noise rn, actual signal-to-noise ratio is cooked 💀

Reply0

DegenMcsleepless

· 01-16 05:41

94500 hasn't been broken, so I don't dare to buy the dip. I feel this wave is still bearish.

View OriginalReply0

UncleLiquidation

· 01-16 05:34

Still making empty promises? I bet 5 Dogecoins that the 98,000-99,000 range will be broken. The rebound is weak, holding onto short positions is still the right move. That 3330 level really is a hurdle; if it can't break through, it's time to pull back and look for longs. I'm already positioned around 93,200; let's see if it can rebound properly. ETH is weaker than BTC; buying at 3180, can I sleep well?

View OriginalReply0