2026-01-17 15:22:01

A trader has opened a long position in BTC near 95700 and has been holding it for almost a day. Currently, the market is fluctuating back and forth, and they are considering whether to cut losses.

From the BTC daily chart, this upward trend still has support. Last night, when the US stock market opened, BTC dropped to a low of 94234, but did not break below it. Instead, it established this level as the strongest support at the moment. The current oscillation is essentially a market correction and consolidation—accumulating energy for the next move.

In other words, there's no need to rush to exit the long position near 95700. The key is to set a stop-loss below 94234 and then wait. Once BTC breaks through the previous resistance high, this correction will be considered complete. Patience at this stage often yields better results than frequent trading.

BTC4,3%

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BlockchainDecoder

· 01-19 13:38

From a technical perspective, the establishment of the support level at 94234 is indeed worth paying attention to, as data shows that this type of double bottom structure often exhibits strong resilience.

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SchroedingerMiner

· 01-19 07:36

Waiting for a day is nothing; last time I stayed up for a week just to wait for that breakout. Now is the time to test mental resilience.

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GateUser-e19e9c10

· 01-17 15:48

I understand your anxiety, but there's really no need to panic. 94234 has already provided a safety net, which is your psychological defense line. Just protect it. Be patient and wait; once everything is organized, it will naturally break through.

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hodl_therapist