2026-01-02 00:22:51

Desperate moments often hide opportunities. A few days ago, the market was filled with bearish sentiment, but suddenly Meme coins like DOGE and PEPE started to surge, with an overall increase of over 10-20 points. Long-standing declining coins also showed some signs of recovery. This wave of market activity has led many to believe that the bull market is returning.

Based on my trading records, I have been long on BTC and SOL over the past couple of days, and I haven't closed those positions yet. My order for ETH at 2960 has not been filled, but overall, ETH is quietly gaining strength. This signal is worth paying attention to.

A key point in the recent market is that BTC has been oscillating around 87,000 for 13 days. Many people see this as a top signal, but I believe it's a shakeout, not a distribution. Such sideways consolidation usually prepares for the next breakout. As long as volume increases and it breaks through 90,000, we could see at least 94,000, and even 98,000 is possible. In the short term, 89,000 is an important support level. After breaking through, reducing positions in stages is a more prudent approach.

Honestly, trading is full of traps. Some people started saying "it can't go higher" at 88,500.

DOGE8,82%

PEPE35,7%

BTC1,69%

SOL2,73%

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metaverse_hermit

· 12h ago

87,000 sideways for so long, I'm already tired of it, just waiting for a volume breakout opportunity. It's only interesting if it breaks 90,000. The recent surge in Meme coins definitely slapped the bears in the face, but I still have more confidence in BTC's fundamentals. The ETH order at 2960 should have been canceled long ago. I believe in the 13-day shakeout, but don't be too optimistic. It wouldn't be surprising to see another dip before breaking through. People calling the top at 88,500 have seen a lot this year. Those who should have exited early already did, so what's the point of still calling it? I give a 70% chance of BTC breaking 90,000, but reaching 98,000? That depends on whether the subsequent fundamentals support it. The recent short-term rally has been a bit too fast; a pullback for confirmation might be needed, or it could easily turn into a trap. Longing SOL is much more comfortable than longing BTC; its volatility is even more intense. This wave could easily move another 20 points.

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OffchainWinner

· 12h ago

88,500 is already considered the ceiling. Why do these people always think about bottom fishing and escaping the top... This round of shakeout is indeed tough, but after 13 days of sideways movement, breaking 90k is definitely achievable.

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BearMarketMonk

· 12h ago

87000 has been sideways for so long. To be honest, I don't dare to buy in either. Seeing you all betting on a breakout really makes me nervous.

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SighingCashier