The opportunity to short this round should be approaching. The above resistance levels have been nearly cleared, and the bearish momentum can start to test the waters.
But don't rush to go all-in on shorts, as there is still a possibility of another rally. There is indeed still a resistance line above that hasn't been broken.
Market movements are like that—taking it one step at a time. My advice is to follow the market rhythm and avoid betting on the future direction. This is just my personal preference, but ultimately, how the market moves is up to the market itself.
The current market sentiment index is at 42, indicating a general tendency towards a pullback, so consider shorting on rallies.
For Bitcoin, the resistance zone is between 972-982, with support levels at 9050, 882, and between 785-777.
For Ethereum, resistance levels are at 3350 and 3555, with support at 2980 and 2600.
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GasFeeNightmare
· 01-08 08:57
Hmm... it's that "take one step at a time" approach again, giving me a headache. Staying up late to monitor the market, and gas fees are still so high. Shorting one position requires paying miner tips.
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digital_archaeologist
· 01-07 02:51
Coming again to诱我 full position short? I am someone who has learned my lesson.
Full position? Impossible, I’ve learned this lesson for nothing.
Wait, with an emotional index of 42, you dare to act? Aren't you afraid of a reversal?
The pressure level is almost cleared, this phrase sounds so familiar... Was it said last time?
Talking about the rhythm of the market is easy, but following it is deadly.
Index at 42, going short? I’d rather wait and see.
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RadioShackKnight
· 01-07 02:47
Sentiment index 42, the pullback is quite strong, but I still prefer to wait a bit longer, don't rush to all-in short.
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Most of the resistance levels are now clear, now it depends on whether we can push for another wave. In my opinion, we should be cautious.
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Follow the market rhythm, don't gamble, this is the way to survive.
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Bitcoin is indeed a bit stretched at this position. Try 982 down to 9050, let's see what the market says.
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Going short again? I think we should wait and see, I haven't seen any clear breakdown signals.
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ETH's recent resistance levels are 3350 and 3555. Consider bottom fishing only if it drops back to 2980; it's still too early now.
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CryptoTarotReader
· 01-07 02:46
Hmm... It's the same old story, I always feel like I'm gambling rather than trading.
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Full position short? I advise you not to do it. This rebound came unexpectedly quickly.
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The market rules all, so we just listen. Anyway, when losing money, it's also the market's call, haha.
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The 42 sentiment index indicates a pullback, but I still feel like someone is accumulating.
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9050, 882, 777... These support levels are breaking one after another. Who is the real support?
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Let's wait and see. Don't rush to go all-in; this game isn't over yet.
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Shorting is fine, but don't bet on Xu Xingming suddenly making a statement, haha.
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I'm already tired of these levels for Ethereum. Every time, it's said to be a resistance line, but what happened?
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AllInDaddy
· 01-07 02:44
Here comes another short-seller trying their luck, but this time it feels a bit fake...
Full position? Impossible, I’ve learned my lesson!
Emotion index at 42, a clear sign of a pullback. It’s indeed a good idea to try shorting on rallies.
BTC has been bouncing within this range for many rounds, I really don’t understand what the next move will be.
Wait, this resistance line hasn’t been broken yet, don’t rush to go all in.
If Ethereum breaks below 2980, I’ll need to be careful. I’m watching closely.
The market speaks for itself, I’ll just follow along and take a sip of the soup.
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CoinBasedThinking
· 01-07 02:25
Sentiment index 42, a clear correction signal, but this wave of rally hasn't fully broken the support yet. Be careful of being caught in a bottom-fishing trap.
The opportunity to short this round should be approaching. The above resistance levels have been nearly cleared, and the bearish momentum can start to test the waters.
But don't rush to go all-in on shorts, as there is still a possibility of another rally. There is indeed still a resistance line above that hasn't been broken.
Market movements are like that—taking it one step at a time. My advice is to follow the market rhythm and avoid betting on the future direction. This is just my personal preference, but ultimately, how the market moves is up to the market itself.
The current market sentiment index is at 42, indicating a general tendency towards a pullback, so consider shorting on rallies.
For Bitcoin, the resistance zone is between 972-982, with support levels at 9050, 882, and between 785-777.
For Ethereum, resistance levels are at 3350 and 3555, with support at 2980 and 2600.