2026-01-02 18:24:01

The market finally moved today. Bitcoin rebounded to the 90,000 level, while Ethereum surged past the 3020 resistance, directly clearing a wave of short orders. I personally shorted at 3020 and was stopped out, but I still hold the short position and am waiting for another opportunity to re-enter. The short-term trend remains more inclined towards correction.

This wave of Bitcoin's rebound hasn't yet reached the resistance zone around 91,000 to 92,000 (technical mid-term resistance + upper supply zone). My plan is to short in this area.

For Ethereum, the next resistance level is around 3130. I plan to add to my short position here, with targets at 3000, 2900, and finally 2850, with a stop-loss set at 3200.

It's worth noting that along with this rally, the total open interest has significantly surged, and bullish sentiment is starting to rise. However, based on experience, a sharp increase in open interest often indicates a high probability of subsequent correction. So, this rise is more about liquidating high-leverage short positions, and there's no need to be overly bullish.

Trading is like this: make a plan, either profit or strictly execute stop-loss. There is no third option.

BTC1.84%

ETH4.57%

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ForkTrooper

· 3h ago

Once again, the same old story. When open interest surges, people start telling stories. Basically, it's just betting on a correction. --- Still trying to buy back after 3020 was broken. How tough must your mentality be? --- You're a tough person, daring to add short positions at 3130. If 92,000 breaks, I want to see what you say. --- Setting a stop loss at 3200 is indeed a bit loose. If it really goes up this time, you'll suffer a big loss. --- Everyone in the market is waiting for a correction now, but ironically, the correction is the hardest to catch. --- I agree with the idea of liquidating high-leverage shorts, but don't romanticize your losses as "planned adjustments." --- Having a plan is good, but the key is whether the plan is flexible enough. Sometimes, you need to change it when necessary. --- A surge in open interest = subsequent correction? I've heard this for three years. Sometimes, a surge just leads directly to a rally. --- Adding short positions at 3130 on Ethereum sounds easy, but I wonder if I have the guts when it really crashes. --- That target of 2850 is quite dreamy, but I appreciate this kind of planned short-term thinking. --- I feel your judgment on this rebound is still too subjective. Listen more to what the bulls on the other side are saying.

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FOMOrektGuy

· 3h ago

Once again swept, this is the market. However, my brother's thinking is indeed clear; the surge in OI cannot be ignored. Waiting for the shorting opportunity at 92,000, it feels like this rebound might just be like this. Even after being broken through 3020, I can still stay calm and continue to wait. This mental resilience is really strong, better than mine. Set your stop-loss properly, don't be greedy. Knowing when to take profits is the true way. That's what I think too. Behind the surge in open interest is all high-leverage cannon fodder; sooner or later, they'll have to settle their accounts. This correction should be fierce. Be prepared.

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MevHunter

· 3h ago

Got swept again, this is the fate of the bears haha Having been broken through 3020 once and still daring to keep the order, your hand is indeed steady A surge in OI is just the bulls' last gasp, just wait and watch the show I'm also lurking around 92,000, should be able to catch some good short positions See you at 2850, then we can harvest this wave of rebound's chives together

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GasFeeAssassin

· 3h ago

Once again, it was breached. This is the fate of shorting, but I still have a trump card. Shorts were definitely wiped out this round; I've seen OI surge like this many times. After the rebound, it still has to fall. Add to the short position at 3130, stop loss if needed. Anyway, it won't cost me much. The bulls won't stay high for long this time. Let's wait and see the subsequent adjustments.

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DeFiVeteran

· 3h ago

You're trying to cut my leeks again, that move at 3020 completely stunned me, and I still have to keep holding on. I've heard this theory of OI surge many times, but I'm afraid this time might really be different. Set your stop-loss and go to sleep, it's more important than anything. This rebound is just bluffing, waiting for the sniper at 92,000.

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