On the 4-hour chart, this round of decline is straightforward—continuous bearish candles with strong momentum. The short logic still holds up.
This recent market action has been quite frustrating, surging up and then crashing down, repeatedly wearing us out. Many friends inevitably feel restless, and the short positions in hand are easy to abandon. But to be honest: since we've decided to follow this bearish layout, we need to trust our judgment and believe in this strategy. We haven't been pushing long signals recently, not because there aren't opportunities, but because we have conviction about this downtrend rhythm. If we're supposed to hold shorts, we need to hold them firmly—a major move is coming, no need to rush.
Here are the specific levels:
Bitcoin: The 90300-90800 range is resistance, with support below at 89200-88400.
Ethereum: 3130-3150 is resistance, and we're looking at support at 3080-3050 below.
Be patient, the opportunity is right in front of us.
#以太坊大户持仓变化 January 8th Thursday Evening Market Overview
$BTC $ETH
On the 4-hour chart, this round of decline is straightforward—continuous bearish candles with strong momentum. The short logic still holds up.
This recent market action has been quite frustrating, surging up and then crashing down, repeatedly wearing us out. Many friends inevitably feel restless, and the short positions in hand are easy to abandon. But to be honest: since we've decided to follow this bearish layout, we need to trust our judgment and believe in this strategy. We haven't been pushing long signals recently, not because there aren't opportunities, but because we have conviction about this downtrend rhythm. If we're supposed to hold shorts, we need to hold them firmly—a major move is coming, no need to rush.
Here are the specific levels:
Bitcoin: The 90300-90800 range is resistance, with support below at 89200-88400.
Ethereum: 3130-3150 is resistance, and we're looking at support at 3080-3050 below.
Be patient, the opportunity is right in front of us.