I've been optimistic about the upward momentum of Bitcoin and mainstream cryptocurrencies even before New Year's Day. Now, BTC has indeed lived up to expectations and has stabilized above the key level of 91,000. The next resistance zone to watch is around 94,000.
If we want to continue breaking upward, the most ideal scenario is to pull back to around the first yellow line for support, and then resume the upward movement after stabilizing. Such a pullback confirmation often provides stronger momentum for subsequent gains.
My personal trading plan is to lock in profits at the current position by reducing half of the holdings. The remaining position will have a take-profit order set, allowing me to follow the market and continue to profit. This way, I can protect existing gains while not missing out on further upward opportunities.
It's important to note that if you haven't established a long position at a lower level before, chasing longs now could be risky. After all, the weekend is approaching, so it's better to wait until Monday or Tuesday's opening performance before making decisions. The details of the market often reveal the next direction. For reference only.
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PuzzledScholar
· 21h ago
Has 91,000 stabilized? Then isn't 94,000 too close? It feels like this wave needs to retrace before gaining momentum.
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MidnightTrader
· 01-04 18:43
Has the 91,000 level stabilized? I sold half of my position long ago. Now, let's see if it can retest and confirm.
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GasFeeCry
· 01-04 10:53
91000 has stabilized, but I still feel a bit anxious. It seems like those chasing the high might get hurt.
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BearMarketMonk
· 01-04 10:53
The 94,000 level depends on Monday's mood; currently, chasing higher does have some gambling elements.
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ArbitrageBot
· 01-04 10:51
Stabilizing at 91,000 is indeed comfortable, but I'm still a bit hesitant. I reduced my position by half before the weekend.
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WhaleWatcher
· 01-04 10:46
Hey, I really didn't get it wrong this time. Holding at 9.1 is a signal.
94k probably still requires some effort; revisiting to confirm this routine is a common tactic.
But to be honest, chasing longs right now is a bit tough. I also reduced my position to take a breather.
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InscriptionGriller
· 01-04 10:38
Ha, it's the same old trick of pullback confirmation. I think in the end, it will still be knocked down.
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AirdropFatigue
· 01-04 10:36
The 91,000 level has stabilized, and the next step is to see if 94,000 can break through. However, I think it's more prudent to wait for a pullback and confirmation before increasing volume.
Let's be cautious before the weekend; chasing longs does feel a bit like gambling.
Wait, are you serious about your position reduction plan? It seems like it could still go higher.
Hold on, are you sure you've marked the yellow line correctly? It looks a bit off to me.
Actually, entering now isn't the best timing. It might be better to wait until the market opens and see how it goes.
I agree with the idea of taking profits and securing gains, but don't be greedy with the remaining positions.
I've been optimistic about the upward momentum of Bitcoin and mainstream cryptocurrencies even before New Year's Day. Now, BTC has indeed lived up to expectations and has stabilized above the key level of 91,000. The next resistance zone to watch is around 94,000.
If we want to continue breaking upward, the most ideal scenario is to pull back to around the first yellow line for support, and then resume the upward movement after stabilizing. Such a pullback confirmation often provides stronger momentum for subsequent gains.
My personal trading plan is to lock in profits at the current position by reducing half of the holdings. The remaining position will have a take-profit order set, allowing me to follow the market and continue to profit. This way, I can protect existing gains while not missing out on further upward opportunities.
It's important to note that if you haven't established a long position at a lower level before, chasing longs now could be risky. After all, the weekend is approaching, so it's better to wait until Monday or Tuesday's opening performance before making decisions. The details of the market often reveal the next direction. For reference only.