BTC long positions have been pushed up to the third target price level, with a current focus on the 70% take-profit setting. In contrast, ETH's long plan has been hindered, recently disrupted by market volatility.



From the trend perspective, BTC breaking through $93,000 aligns with previous technical expectations. According to earlier analysis, there should be an upward wave before reaching $50,000, a prediction that has been validated since December. The key now is to observe whether a more obvious short squeeze will occur.

On the technical side, support levels have been established at $91,188, the round number $90,000 (corresponding to the CME gap), and $88,000. In the short term, prices may find it difficult to fall below these levels again.

On the upside, the key liquidation points for short positions are at $94,000, $98,000, and $100,000. Investors planning long positions should develop risk management strategies based on these critical levels.
BTC-1,29%
ETH-1,72%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
0/400
WagmiAnonvip
· 01-06 09:36
70% take profit... this number is a bit conservative. Let's see if we can break through the $100,000 threshold.
View OriginalReply0
BearMarketBardvip
· 01-05 18:22
70% take profit? Man, you need to curb that greed. There are a bunch of short positions getting liquidated, and it just doesn't seem quite right.
View OriginalReply0
ChainWallflowervip
· 01-05 04:50
This wave of Bitcoin market looks comfortable, but you need to hold the 70% take profit point, don't be greedy.
View OriginalReply0
BlockBargainHuntervip
· 01-05 04:50
BTC this move is truly decisive. Breaking through 93k and there's no turning back. However, at this level, caution is still necessary. 70% take profit must be maintained.
View OriginalReply0
BearMarketNoodlervip
· 01-05 04:49
Is a 70% take profit really that reliable? I think it still depends on whether the bear market can break below 9.8K; otherwise, it might directly head towards 100K. ETH is indeed underperforming, while Bitcoin is the only one thriving.
View OriginalReply0
FunGibleTomvip
· 01-05 04:44
70% take profit? Bro, how conservative do you have to be? I would have gone all-in long ago.
View OriginalReply0
EthMaximalistvip
· 01-05 04:41
70% take profit? Bro, are you gambling or investing? 70% has already run away from my wallet...
View OriginalReply0
MidnightSnapHuntervip
· 01-05 04:33
70% take profit, this wave is stable, just afraid of a pullback and a reverse move to kill the longs... ETH has been underperforming recently, so let's see how BTC will play it.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)