Analysis of Recent Trends of the Double Coin and Trading Strategies for January 1, 2026 (New Year's Day)

In the past two days, the Double Coin has shown a pattern of weak oscillation and rebound followed by a decline, trading within the range of $2900-$3002: initially rebounding near $2900 to reach $3002, but lacking sustained buying support, it quickly retreated. Currently, it is oscillating around $2970, with the daily chart still under long-term downward trendline resistance and below multiple moving averages, indicating that the bearish pressure has not been fully released. Institutional actions are diverging: Bitmine continues to increase holdings and pledge ETH to tighten supply, but year-end funds are cautious, with short-term outflows from ETFs, and liquidity remains tight, limiting trend development.

Core Trading Strategies for January 1
1. Focus on Range Trading: Resistance at $2980-$3000. Avoid high positions before a volume breakout; support at $2870-$2900. If volume decreases and it stabilizes, consider light short-term positions for rebounds; if it breaks below, cut losses decisively to avoid dropping below $2800.

2. Strict Position Control: Liquidity remains thin during the New Year holiday. Keep single-position size below 10%. Do not chase gains or cut losses without clear breakout signals to avoid extreme volatility risks.

3. Long-term Positioning: If the price retraces to the strong support zone of $2800-$2850, consider building positions in batches, relying on institutional accumulation and technical upgrades as long-term positives.

4. Operational Recommendations

Core Warning Thresholds (Based on current approximately $2970)

1. Long Entry Trigger: Break above $3000 (volume increases and stabilizes; can add to long positions lightly, with a stop loss at $2970).

2. Short Entry Trigger: Drop below $2900 (volume decreases and breaks downward; reduce positions to hedge, with a stop loss at $2930).

3. Strong Support: Touching $2870 (stabilization allows light bottom-fishing; stop loss at $2840).