Recently, Bitcoin and Ethereum reached local highs around 94,800 and 3,310 respectively, before entering a correction phase. The previous short positions around 93,800 and 3,270 during the white and evening sessions have been successfully executed, and the re-entry around 3,300 for Ethereum has also achieved its target. After reaching a peak near 3,180 and 91,200, the market has now resumed a rebound.
However, this rebound may only be temporary. After all, the 3,180 and 91,000 levels serve as short-term entry points, providing some support, but both the daily and 4-hour charts show signs of a pullback after a rally, indicating a trend reversal signal.
From the candlestick patterns, the daily chart recently formed a top around 94,800 and 3,310, now entering a correction phase, showing typical alternating yin and yang candles. The 4-hour cycle is more obvious — long upper shadows have appeared, indicating that selling pressure above is indeed accumulating. The closing prices have fallen below previous wave highs, suggesting that the bears are gathering strength.
Technical indicators further confirm this judgment. The daily MACD histogram has shifted from positive to negative, with DIF and DEA gradually approaching each other, hinting at possible short-term consolidation or even a downward move. In the 4-hour chart, DIF has crossed below DEA, strengthening the bearish signal, marking a critical turning point.
Based on this information, the trading strategy for early morning is relatively clear: Bitcoin can continue to short in the 92,500-93,000 range, targeting support zones around 90,000-91,000; Ethereum can continue shorting around 3,240-3,270, aiming for 3,150-3,180. The market's rebound does not change the overall downtrend, and the key is to seize the opportunity when the space is being released.
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DefiVeteran
· 01-09 21:26
A rebound is just a top escape; those trying to buy the dip are all trapped.
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Are we going to break 90,000 again? This short position is quite aggressive.
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With such a clear MACD signal, not going short would be a disservice to oneself.
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That dip around 3180 almost turned into a buy-the-dip trap; luckily, I cut losses quickly.
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It feels like this time we're really going to break the support; the sense of space being released is all too familiar.
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Whenever a shooting star appears, you know it's not good news. Better to keep holding and watch.
View OriginalReply0
AirdropworkerZhang
· 01-08 23:43
You're trying to cut my leeks again, short positions again
Want to run at the rebound? Dream on, buddy
MACD this thing always says it will fall, but what about
It's unlikely to reach 91K this time around
View OriginalReply0
RugDocDetective
· 01-06 22:45
Run away again at the rebound? I think it should be smashed as it rises this time
Continue holding the short positions, don't be scared away by the rebound
The phrase "a fleeting bloom" is well used; indeed, this rebound is at most a trap for more gains
MACD has turned negative, a drop is inevitable
Continue shorting between 92,500-93,000, lock in 90,000
View OriginalReply0
SignatureCollector
· 01-06 22:34
It's the familiar pattern again—a rebound is just an opportunity to short.
View OriginalReply0
ShadowStaker
· 01-06 22:28
tbh the MACD divergence here feels textbook, but that's exactly when market decides to do something stupid. seen this setup burn too many people chasing the obvious short.
Reply0
OldLeekNewSickle
· 01-06 22:26
Another wave of "perfect technical" short-selling ideas, sounding just like the real thing. I said the same last time, and as a result, I got caught off guard by the rebound...
Recently, Bitcoin and Ethereum reached local highs around 94,800 and 3,310 respectively, before entering a correction phase. The previous short positions around 93,800 and 3,270 during the white and evening sessions have been successfully executed, and the re-entry around 3,300 for Ethereum has also achieved its target. After reaching a peak near 3,180 and 91,200, the market has now resumed a rebound.
However, this rebound may only be temporary. After all, the 3,180 and 91,000 levels serve as short-term entry points, providing some support, but both the daily and 4-hour charts show signs of a pullback after a rally, indicating a trend reversal signal.
From the candlestick patterns, the daily chart recently formed a top around 94,800 and 3,310, now entering a correction phase, showing typical alternating yin and yang candles. The 4-hour cycle is more obvious — long upper shadows have appeared, indicating that selling pressure above is indeed accumulating. The closing prices have fallen below previous wave highs, suggesting that the bears are gathering strength.
Technical indicators further confirm this judgment. The daily MACD histogram has shifted from positive to negative, with DIF and DEA gradually approaching each other, hinting at possible short-term consolidation or even a downward move. In the 4-hour chart, DIF has crossed below DEA, strengthening the bearish signal, marking a critical turning point.
Based on this information, the trading strategy for early morning is relatively clear: Bitcoin can continue to short in the 92,500-93,000 range, targeting support zones around 90,000-91,000; Ethereum can continue shorting around 3,240-3,270, aiming for 3,150-3,180. The market's rebound does not change the overall downtrend, and the key is to seize the opportunity when the space is being released.