Hello everyone! After taking profit on the recent short position in Bitcoin, the market suddenly dropped sharply—quite unexpected. I was originally thinking of pushing the price higher to build a short position, but it broke downward directly—this rapid decline really caught me off guard. The market is always so unpredictable, testing our patience repeatedly. But don’t worry, our strategy has never been about chasing tiny profits; it’s about waiting for a move with real momentum. Let’s get back to the technical analysis.
**Bitcoin** is currently testing support around 92800-92500. Now might be a good time to consider gradually building a long position for a bottom. The first resistance upward is near 93500—if we can hold above this level, there’s room for another rally, with an intermediate target around 94300. The farther target is set at the 98300-99000 zone, which will truly test our resolve.
**Ethereum**’s short-term support is around 3100-3050. For those who bought the dip near 3260 yesterday, don’t panic—this is still a good level to add to your position. In the short term, we need to test 3260 again; once broken, it could trigger a main upward wave, with a target around 3420.
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MetaverseMigrant
· 6h ago
The 92,800 level is indeed an opportunity, but it depends on whether it can hold steady. It feels like there will be repeated fluctuations afterward.
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MetaNomad
· 6h ago
Your analysis approach is good, but the 92,800 bottom still needs to be verified. Don't rush to add all your positions at once.
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TokenRationEater
· 6h ago
This wave of decline was indeed quick, but the 92,500 level is quite interesting. I also took profit on my short position yesterday, and now I'm waiting for a rebound between 3100-3050, feeling that there might still be some play later.
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SchrodingerGas
· 6h ago
The bottom layout idea is good, but is 92,500 a bit optimistic? I think we should see if we can hold the 92,000 integer level first. Ethereum at 3050 is also a good spot to add positions, with a decent risk-reward ratio.
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BitcoinDaddy
· 6h ago
The analysis is detailed. I'm also lurking around 92,600, just waiting to see if it can hold steady above 93,500. Hold the line.
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NFT_Therapy
· 6h ago
You really need to be cautious at the 92,500 level. I'm also considering entering in batches.
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ShadowStaker
· 6h ago
This drop indeed caught us off guard, but you're right — the real opportunities are in this kind of chaos. I'm also positioning around 92,500, and I feel more comfortable entering in batches. I just want to ask, if it breaks below 92,000, how would you set your stop-loss? The market sentiment still feels a bit chaotic right now, and I'm worried that a single bearish candle could break through directly.
Hello everyone! After taking profit on the recent short position in Bitcoin, the market suddenly dropped sharply—quite unexpected. I was originally thinking of pushing the price higher to build a short position, but it broke downward directly—this rapid decline really caught me off guard. The market is always so unpredictable, testing our patience repeatedly. But don’t worry, our strategy has never been about chasing tiny profits; it’s about waiting for a move with real momentum. Let’s get back to the technical analysis.
**Bitcoin** is currently testing support around 92800-92500. Now might be a good time to consider gradually building a long position for a bottom. The first resistance upward is near 93500—if we can hold above this level, there’s room for another rally, with an intermediate target around 94300. The farther target is set at the 98300-99000 zone, which will truly test our resolve.
**Ethereum**’s short-term support is around 3100-3050. For those who bought the dip near 3260 yesterday, don’t panic—this is still a good level to add to your position. In the short term, we need to test 3260 again; once broken, it could trigger a main upward wave, with a target around 3420.