Trading cryptocurrencies these days has truly been a nightmare for sleep quality. I wake up several times in the middle of the night, initially thinking it's just due to aging and shallower sleep, but then I realize—it's the Bitcoin volatility messing with my nerves.
That said, the key support at 90,000 has never been effectively broken, and this level is indeed accumulating chips. My long positions are still in hand, and I have no plans to close them casually.
I still remember the days around 87,000, when looking at the K-line I started feeling nauseous and wanted to vomit. My family laughed at me, not knowing what was happening. Looking back now, that was actually the best opportunity to build positions.
My thinking is very simple: if I can continue to go long around 90,500, this wave might rebound to about 94,000. Once it breaks through this level, 98,000 will be within sight. But by then, don’t blindly go long; instead, consider the opportunity to reverse and lay out short positions.
Just look at the market—funds inside are clearly insufficient, big institutions and major players have already left, and the market makers are no longer as fierce as before. In this situation, as long as we can hold on for a few days, there’s a chance to see a rebound. I’ve been holding this position for 3 days now, which is quite exhausting. Just see it as preparing for the next phase of the market.
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CryptoSourGrape
· 01-12 01:48
If only I had bravely increased my position at 87,000 back then, I wouldn't feel so bad now.
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fren.eth
· 01-12 01:39
Haha, sleep quality and nightmares, I totally get it. Now I look at the candlestick charts with a conditioned reflex and stay awake.
Wait, you said it didn't break through 90,000? I think this time it's a close call.
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ApeDegen
· 01-12 01:32
Staying up all night watching the market is really intense, sleep quality drops straight away, all because of BTC haha
The key level at 90000 is still holding, feels like chips are accumulating here, I’ll keep holding my longs
That 87000 level was really the best buying opportunity, looking back now it’s incredible, I almost got scared out back then
If you keep going long at 90500, it could bounce back to 94000, and after breaking through, 98000 isn’t far away, but at that time don’t be foolishly long, you should consider short positions instead
The on-site funds are too weak, big institutions have left, the market makers are also losing strength, once we get through these few days, a rebound can be seen
Holding for 3 days has been a bit tiring, just consider it as stored resources, waiting for the next market move
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SatoshiHeir
· 01-12 01:30
It should be pointed out that your narrative of "suffering for three days before rebounding" somewhat confirms the metaphor about market confidence cycles in Satoshi Nakamoto's white paper—pain is essentially the cost of price discovery.
That said, on-chain data indicates that the 90,000 resistance level is indeed building momentum, but I want to disprove one of your points: insufficient funds are actually a signal of institutional deployment, don't be fooled by appearances.
Trading cryptocurrencies these days has truly been a nightmare for sleep quality. I wake up several times in the middle of the night, initially thinking it's just due to aging and shallower sleep, but then I realize—it's the Bitcoin volatility messing with my nerves.
That said, the key support at 90,000 has never been effectively broken, and this level is indeed accumulating chips. My long positions are still in hand, and I have no plans to close them casually.
I still remember the days around 87,000, when looking at the K-line I started feeling nauseous and wanted to vomit. My family laughed at me, not knowing what was happening. Looking back now, that was actually the best opportunity to build positions.
My thinking is very simple: if I can continue to go long around 90,500, this wave might rebound to about 94,000. Once it breaks through this level, 98,000 will be within sight. But by then, don’t blindly go long; instead, consider the opportunity to reverse and lay out short positions.
Just look at the market—funds inside are clearly insufficient, big institutions and major players have already left, and the market makers are no longer as fierce as before. In this situation, as long as we can hold on for a few days, there’s a chance to see a rebound. I’ve been holding this position for 3 days now, which is quite exhausting. Just see it as preparing for the next phase of the market.