2026-01-02 21:23:22

Bearish sentiment has shown signs of picking up. Traders who followed the short positions at the high early this morning should just hold onto their positions and wait for the market to continue downward.

Currently, the market momentum is not very strong—approaching the weekend, coupled with last night's rebound, there is still a lot of bullish sentiment lingering in the market. A short-term pullback naturally won't be very vigorous, which is quite normal.

However, our bearish outlook remains unchanged for now. The resistance above is very obvious, and a decline for the bears is the general trend; the real consideration is how deep the decline can go below. Short-term traders might consider taking the opportunity to make a move.

The target for Bitcoin is around 89,000, while Ethereum is eyeing around 3,050.

BTC0.17%

ETH-0.36%

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CryptoWageSlave

· 22h ago

Brothers holding short positions overnight, hold on. The weekend move won't be too aggressive; we're waiting for further downside testing below.

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DaoGovernanceOfficer

· 22h ago

*sigh* empirically speaking, this reads like classic weekend illiquidity theater. the data suggests most retail traders don't actually have conviction here—they're just following whoever called the move at 3am lmao

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FantasyGuardian

· 22h ago

Brothers who bought the dip early this morning should be feeling great now. I'm still debating whether 89,000 can break through. It feels like the weekend might bring a trend reversal.

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