This midday, the trend logic of Bitcoin and Ethereum is actually quite clear. Bitcoin rebounds within the 90800 to 91400 range, which is a good opportunity for a short position. The target below is 89900 to 89000. Ethereum's rhythm is similar; after rebounding to around 3150 to 3180, consider shorting, with targets at 3090 to 3000.
Currently, trading with the trend and shorting is the smarter choice. The magnitude of the previous rally indicates that the subsequent pullback will be roughly the same—this is the market's intrinsic logic. Bitcoin may dip to around 87000, while Ethereum could directly target 2900. The downward momentum is still building, and now is not the time to bottom fish; entering recklessly will only lead to losses. When the trend is downward, following the trend is always the golden rule of trading.
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DefiPlaybook
· 01-11 08:12
Going with the trend is not wrong, but I always feel that every time I say this, I still get trapped in the end. I didn't catch the 87,000 last time, and now I'm waiting for 2,900... This kind of logic is very clear on the backtest chart, but in real trading, it would be really nice if it were that simple.
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MEVHunter
· 01-10 07:57
nah this looks like textbook wyckoff distribution tbh... that rebound bounce is literally begging for backrunning shorts lmao
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GateUser-beba108d
· 01-08 09:00
This analysis is quite accurate. Wait for the rebound and then short the market. Don't be greedy.
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EthMaximalist
· 01-08 08:59
The short position this wave is indeed profitable; going with the trend is much more comfortable than against it.
Wait, can 87,000 really be reached? Feels conservative.
Second pancake at 2900 is a bit aggressive; it looks like a big plunge is coming.
It's the "Unbreakable Rule" again; I've heard this joke countless times.
Now those catching the bottom are all martyrs.
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EternalMiner
· 01-08 08:58
Shorting the bottom, you really need to distinguish the scenario. Now is definitely not the time.
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Here comes that "go with the trend" routine again. How come every time it’s said, it still results in losses?
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87000? Dream on, it won’t reach that level.
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I’ve heard the "short on rebounds" strategy too many times, but what’s the result?
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The 2900 level for the second coin is a bit too ambitious, but the downtrend indeed isn’t over yet.
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At first glance, this logic doesn’t seem wrong, but in actual operation, it’s a completely different story.
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The key is, who the hell knows where the bottom is right now? It’s all armchair strategizing after the fact.
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To those who are bottom-fishing, take a good look. This is your fate.
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I agree with shorting with the trend, just don’t be greedy.
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From 90800 to 91400, I feel like that level isn’t as stable as it seems.
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OfflineNewbie
· 01-08 08:55
I’ve been eyeing this short position for a long time. Short on the rebound, and then smash it down. It’s that simple.
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87,000 and 2,900? Dreaming. Can't catch this waterfall.
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Following the trend is not wrong, the key is to survive until that day.
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All the bottom-fishers are leeks, but I’m different. I’m holding cash and waiting for death.
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This logic sounds super clear, why do I always lose money in the opposite direction?
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It’s such a deep dip, can my leverage hold up...
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Again, short on the rebound, or wait for the bottom? I just want to make quick money, is that too much to ask?
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Layer2Observer
· 01-08 08:40
Hmm... This symmetrical logic of rise and fall sounds quite smooth, but it depends on whether the data can support it. Is there historical support at the 87,000 dip level, or is it just pure geometric deduction?
This midday, the trend logic of Bitcoin and Ethereum is actually quite clear. Bitcoin rebounds within the 90800 to 91400 range, which is a good opportunity for a short position. The target below is 89900 to 89000. Ethereum's rhythm is similar; after rebounding to around 3150 to 3180, consider shorting, with targets at 3090 to 3000.
Currently, trading with the trend and shorting is the smarter choice. The magnitude of the previous rally indicates that the subsequent pullback will be roughly the same—this is the market's intrinsic logic. Bitcoin may dip to around 87000, while Ethereum could directly target 2900. The downward momentum is still building, and now is not the time to bottom fish; entering recklessly will only lead to losses. When the trend is downward, following the trend is always the golden rule of trading.