Bitcoin encounters strong resistance above, and repeated setbacks in the rebound have become an intolerable rhythm. The bulls are unable to organize an effective counterattack, and currently the initiative is entirely in the hands of the bears.
Looking at the 1-hour chart, the price repeatedly battles around the middle band of the Bollinger Bands, which is the current critical line. Once broken, the bears will take full control of the market in the short term, opening up downside space.
Now, don’t expect any rebound opportunities in this market; trying to buy the dip against the trend will only be self-deceptive. The most reliable approach is to follow the bears’ rhythm, which is one of the few stable options at the moment.
On the Bitcoin side, the 91400-92000 range is a good short entry point, with the first support at 90000. If this level is broken, it points directly to 88000. Ethereum also presents shorting opportunities around 3120-3150, with the first target at 3060 and further resistance at 3000.
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PerpetualLonger
· 01-13 02:51
Coming with the same routine again? I'm already tired of the bearish talk. Bro, this time it will definitely rebound. I've already fully loaded and added to my position.
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P2ENotWorking
· 01-13 02:50
The short squeeze this time is really fierce; the rebound can't even die. Looks like I have to follow the trend.
What are the bulls still struggling for? They can't even hold the middle band of the Bollinger Bands.
Really, stop trying to catch the bottom. You've paid enough IQ taxes.
Enter a short position directly at 91,400, aiming for 90,000.
Ethereum at this level should also be shorted; it feels like 3000 is just around the corner.
Those trying to catch the bottom are just here to give away money. I feel sorry for you all.
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BlockchainBouncer
· 01-13 02:45
The rhythm of this short squeeze is really intense, the bulls have already lost their temper.
If we can't hold the middle band of the Bollinger Bands, let's just cut and run, no need to entangle.
Breaking 91,400 feels like a sure thing, 88,000 is not a dream.
Bottom fishing? Anyone doing that now is just a fool, to be honest.
Ethereum is following Bitcoin's plunge, see you at 3060.
I am bearish on this decline, brothers who are long, be careful.
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NFTHoarder
· 01-13 02:26
Shorts eat meat, longs drink soup, this rhythm is really amazing
When the middle band of the Bollinger Bands breaks, just go all-in on short positions
Those trying to catch the bottom are all newbies; I've learned my lesson
Enter short at 91,400, just waiting to cut down to 88,000
Ethereum is also playing along, see you at 3150
Bitcoin encounters strong resistance above, and repeated setbacks in the rebound have become an intolerable rhythm. The bulls are unable to organize an effective counterattack, and currently the initiative is entirely in the hands of the bears.
Looking at the 1-hour chart, the price repeatedly battles around the middle band of the Bollinger Bands, which is the current critical line. Once broken, the bears will take full control of the market in the short term, opening up downside space.
Now, don’t expect any rebound opportunities in this market; trying to buy the dip against the trend will only be self-deceptive. The most reliable approach is to follow the bears’ rhythm, which is one of the few stable options at the moment.
On the Bitcoin side, the 91400-92000 range is a good short entry point, with the first support at 90000. If this level is broken, it points directly to 88000. Ethereum also presents shorting opportunities around 3120-3150, with the first target at 3060 and further resistance at 3000.