2026-01-19 23:23:44

Good morning everyone!

Just as I was analyzing the one-hour chart at 6 o'clock closing, I noticed a slight acceleration downward. Bitcoin briefly touched the 92677 level before bouncing back to around 93000, where it was met with resistance. The entire retracement process looks like the main force is testing the support below.

Ethereum also followed the trend with acceleration. It touched the lower boundary support of the four-hour upward trend that started on December 19 last year, with a low of 3187.15, and after bouncing, it was similarly blocked around 3208. This small retracement feels somewhat like a test of the market.

Honestly, I am not very optimistic about a V-shaped reversal on the daily chart in the coming days. The main theme this week remains bearish. Especially important to note is that if Ethereum loses the 3160 level, I can be 100% sure it will continue to decline further. No doubt about it.

In this kind of market, I think even the most advanced techniques are useless. Trading back and forth, going short when prices go up and long when prices go down, feels pretty good. But in reality? Idealistic but tough. Making one wrong trade is equivalent to wasting all previous efforts. So, the key is rhythm. Especially for short-term trading, rhythm can determine everything.

My short position from yesterday at a high level is still holding, and I haven't closed it yet. I genuinely see bearishness in this market. If 3185 cannot hold, then there’s nothing more to say. My expectation is that this three-day bearish trend will at least reach the 3060 level.

BTC-0.25%

ETH-0.71%

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notSatoshi1971

· 4h ago

Haha, this round of testing the market is really intense, even 93,000 can't hold it down.

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SolidityNewbie

· 4h ago

Rhythm, to put it simply, is a gambling mentality. I've been through this too. --- Another test of the market? Feels like every day is a market test, the main players are really idle. --- 3060? Bro, your expectations are a bit harsh. Dare to do a live broadcast? --- Being bearish, being bearish, but in the end, you're just slapped in the face. See you on Friday. --- Advanced skills are useless, so what are we learning then? Haha. --- Short-term trading is hell, people without rhythm are just giving away money. --- I've also tried the double-sided approach, and in the end, the account shrank by half. --- If the 3160 line breaks, I'll run too. No more holding.

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MidnightTrader

· 4h ago

Rhythm is really the key; fancy techniques are useless. I'm also holding a short position; if 3185 is lost, I'll admit defeat.

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HodlVeteran

· 4h ago

It's another trap setup. I've been playing this game for ten years, thinking I understood it every time, only to be taught a lesson by the main players in the end [dog head]. The rhythm is slightly off, and you are the leek. If 3160 breaks, Ethereum is done. I bet on a three-day move down to 3060. The high-position short position is still held, just watch this wave. Either a huge loss or a big profit. Really, no matter how good your technical skills are, they can't withstand a wrong trade. This is how I've been getting through these years.

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AirdropDreamBreaker

· 4h ago

Rhythm, you're so right. No matter how advanced the technology is, it can't withstand the pressure of an "urgent" situation.

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4am_degen

· 5h ago

Rhythm is king; technical analysis really becomes a decoration in this kind of market. Holding short positions waiting for 3060, either make a fortune or lose everything and cry.

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