Bitcoin surged near 94,000 and then started to decline, completing the CME gap fill. Last night saw a rebound, but the magnitude was small, and overall it remains in a consolidation pattern.
There are actually opportunities in this kind of market. If you want to go short, the 94,500 level is a good entry point. Set a proper stop-loss to give your position enough room to adjust.
Conversely, for long positions, consider building a position around 91,500. The support at this level is quite clear. You can flexibly set your risk-reward ratio, whether 1:1 or 1:2, as long as it aligns with your risk preference.
The upcoming days' volatility is worth closely monitoring. Don't rush to all-in; deploying in batches will be more prudent.
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GasSavingMaster
· 01-09 23:41
94500 short position? I think it's a bit risky. Once the gap is filled, it might still need to be pushed further.
91500 support looks pretty good, but I still want to wait and see. The volatility these past two days has been too strange.
Gradually building a position is definitely the way to go. Going all in is really something only a big fool would do.
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WalletWhisperer
· 01-09 04:13
94500, take a quick shot, anyway it's all about filling the gap, gradually exit in batches for safety
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ruggedNotShrugged
· 01-08 05:09
94500 short positions sound good, but to be honest, whether this wave can break through really depends on fate. Gradual deployment is indeed stable, but going all in is just courting death.
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TokenomicsShaman
· 01-07 15:31
I had already placed a short order at 94,500, just waiting for this wave to come down. The key is to stick to the stop-loss and not be tempted to move it.
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NotFinancialAdvice
· 01-07 08:59
I tried the 94,500 short position, but it reversed and hit hard haha. Now it's all about whether 91,500 can hold steady.
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FancyResearchLab
· 01-07 08:57
94500 empty, 91500 more, theoretically it should be feasible, but the last time I did this I got liquidated directly, so everyone take it as a reference and don't follow my example as a victim of this smart contract.
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PanicSeller69
· 01-07 08:57
94500 being freed up is basically giving it away for free. The last time I did this, I got trapped directly. Now looking at this wave, I think I need to stay patient.
Gradual entry is really the key. The brothers who went all-in are probably crying now, haha.
I'm also watching the 91500 support level—let's see if it can hold.
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MrDecoder
· 01-07 08:51
94500 short position? I think that's not decisive enough. Completing the gap this time has also boosted confidence.
Gradual positioning is really key; those going all in are just here to take your money.
91500 long positions are indeed attractive; it all depends on who can hold on.
After such a long period of fluctuation, a direction will eventually be chosen. Don't overthink it.
To be honest, stop-loss is more important than entry points. Many people get wiped out right here.
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Gm_Gn_Merchant
· 01-07 08:47
I've already positioned myself at the 91,500 level, just waiting for a rebound. I feel there will be an opportunity next week.
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OldLeekNewSickle
· 01-07 08:41
94500 short positions, 91500 long positions. I've heard this explanation too many times... Every time they say to gradually build positions for safety, but isn't it just wiped out by a single K-line overnight? Forget it, I'll continue to observe.
Bitcoin surged near 94,000 and then started to decline, completing the CME gap fill. Last night saw a rebound, but the magnitude was small, and overall it remains in a consolidation pattern.
There are actually opportunities in this kind of market. If you want to go short, the 94,500 level is a good entry point. Set a proper stop-loss to give your position enough room to adjust.
Conversely, for long positions, consider building a position around 91,500. The support at this level is quite clear. You can flexibly set your risk-reward ratio, whether 1:1 or 1:2, as long as it aligns with your risk preference.
The upcoming days' volatility is worth closely monitoring. Don't rush to all-in; deploying in batches will be more prudent.