Recently, I tried shorting several times without making any profit, but fortunately, I managed risk control in time and didn't lose much.



Let's talk about the evening trend of Bitcoin: After the market showed a bullish signal on the evening of January 2nd, market sentiment improved, but overall it was still fluctuating between 88,400 and 90,800, mainly around 89,500. In the early hours of January 3rd, it looked like a strong rally, but in fact, it was just the high-leverage short positions being washed out at low levels. The two pullbacks tested the support at 89,500. Later, when it surged to 90,500, the bulls gained strength, reaching a high of 91,800, but the subsequent rally lost momentum, and the bullish energy started to weaken.

Currently, the bullish positions that bottomed out earlier have almost taken profits, and the current consolidation is due to significant short positions fighting around 90,500. The focus now is on two directions: either continue to push towards 92,500-92,800, or first pull back to 90,500 to see if there is buying support before moving higher.

In terms of trading strategy, you can adopt a dual approach, paying close attention to key levels: keep an eye on 91,800 and 92,500 above, and support at 89,500-90,500 below. If you want to short, consider entering at 91,800 and adding positions between 92,500-92,800; if you want to go long, support at 90,500 is good to buy, and 89,500 can be added; if it breaks below 88,800, stop-loss and exit.

Ethereum follows Bitcoin's rhythm completely: 3080 can be a long entry, with a stop loss at 3042; 3152 can be a short entry, with a stop loss at 3188. Whether aggressive or conservative, always control your position size. Entering close to support levels should be light, and if trading within the add-on zones, you can reasonably adjust the ratio. Risk management must be well handled!
BTC1.55%
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