2026-01-06 22:40:28

Wednesday Morning Market Analysis and Trading Ideas

Last night's movement was quite volatile — Bitcoin rebounded from the low of 91,209 to around 93,806 but then lost momentum and dropped again. Ethereum also followed its big brother, rising from 3,180 to 3,299, then also correcting downward.

Interestingly, the strategy I shared in the early hours was completely validated: Bitcoin accumulated long positions in the 91,500–92,000 range, and Ethereum in the 3,200–3,220 range, and the market moved as expected! This demonstrates the advantage of focusing on key support levels.

Looking at the current chart, after testing the previous high, prices are starting to face pressure, and the overall pattern is a typical range-bound consolidation. If the key resistance levels above still cannot be突破, then the market will likely continue to oscillate within this range. In this scenario, taking small short positions near resistance is a viable approach.

Specific trading suggestions:
**Bitcoin**: Consider short entries around 93,500–94,000, with targets near 91,500
**Ethereum**: Short around 3,280, with targets around 3,200–3,180

The key is to manage risk carefully. During range-bound periods, small positions are recommended—avoid over-leveraging.

BTC0,28%

ETH0,92%

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quietly_staking

· 01-09 22:29

That wave in the early morning really wasn't wrong; every penny spent on support levels was worth it. Now this Alili level is shaking again, it's truly a storm in a teacup.

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SchrodingerPrivateKey

· 01-07 16:04

The long positions in the early morning were indeed quite accurate, but I just couldn't hold on... Range-bound oscillation really tests your mental state the most.

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ILCollector

· 01-06 23:10

It's the same old story. When the price drops overnight, it gets pushed down further. Now you're asking us to short at the resistance level? Feels like we're always the ones getting liquidated.

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GateUser-4745f9ce

· 01-06 23:10

That wave of BUIDL early in the morning was really fierce. Watching the validation expectations unfold was so satisfying. Sticking to the support level strategy is still the absolute way to go.

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GasWaster

· 01-06 23:10

It's the same old story again. How many times has the support level been broken, and we're still talking about it. Can't we consider a different approach?

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FortuneTeller42

· 01-06 23:09

That early bottom-fishing wave was really on point. This time, it's again fluctuating around the resistance level. Small position shorting is the safest approach.

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just_here_for_vibes

· 01-06 23:05

The order from early morning indeed bought the dip. Now it's just a matter of whether we can hold this range without breaking the defense.

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CodeAuditQueen

· 01-06 23:03

In range oscillation, going long or short... This logic is similar to boundary checks in smart contracts; it needs to be precise. 93500-94000 is indeed a key resistance; if it doesn't break through, it will face pressure. It’s a bit like the previous Curve re-entrancy vulnerability—repeatedly testing the same point... But this time, the probability is almost in front of us. For small positions, you're right, there's no need to risk everything.

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ProofOfNothing

· 01-06 23:02

That early short position looks pretty comfortable now, but I still feel like I want to push a bit more on this, so I'm a little uneasy.

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