Yesterday, after the release of the ADP non-farm payroll data, the market fell into a continuous downward trend in the evening. We also seized this opportunity, with both long and short positions yielding gains.



First, let's review yesterday's performance:

For BTC, a long position at 91,878 was closed at 93,491, capturing 1,613 points; a short position at 92,556 was closed at 91,698, gaining 858 points.

For ETH, a short position at 3,248 was closed at 3,201, earning 47 points.

From a technical perspective, currently bears hold the advantage, with prices continuously breaking below moving averages, and the MACD green bars lengthening, indicating that the downward momentum is still being released. This recent rally does have a fleeting feel, but even with a pullback now, my main outlook remains bullish — this view hasn't changed.

Looking closely at the daily chart, BTC has recently formed a relatively long bearish candle, indicating that bears are indeed dominant in the short term. However, on the hourly chart, multiple long lower shadows around 91,400 suggest some support at this level. Overall, the trend remains in a weak oscillation phase, which is a normal shakeout process. Friends who are caught in positions shouldn't be too anxious; the market naturally oscillates within a range—drops will be followed by rises, and rises by drops. This is perfectly normal.

Next trading strategy:

For BTC, go long in the 91,500-91,000 range, targeting 93,000.

For ETH, go long in the 3,130-3,100 range, targeting 3,250.
BTC-0.02%
ETH-1.49%
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AirdropSweaterFanvip
· 01-07 18:50
Another day of being trapped. I find 91400 really interesting; it rebounds by a few hundred dollars and then drops again.
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RooftopVIPvip
· 01-07 18:48
1613 points? This guy is reliable, why am I still losing money? 2. I think the fleeting bloom, our recent drop was quite sharp, whether it's a shakeout or distribution depends on what happens next. 3. That support level at 91400 makes me a bit nervous. What if it breaks? 4. Again, advising those trapped not to panic, but who can really listen when they’re truly anxious? 5. Are both bulls and bears making money? I just want to know how to position for the next wave, give me a clear signal. 6. Range-bound oscillation isn’t scary, what’s scary is breaking the bottom during the oscillation. 7. Is 3250 real? My ETH got trapped at 3200 for half a month. 8. MACD green bars are lengthening... basically, it’s still falling, no beating around the bush. 9. If you follow this pattern to go long, what if it breaks? You need to set proper stop-losses. 10. Repeated shakeouts sound a lot like an excuse to cut leeks.
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0xSunnyDayvip
· 01-07 18:46
Still bottom-fishing, this time the true warriors are those who are catching the bottom.
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EthMaximalistvip
· 01-07 18:40
1. 1613 points is quite intense, but this wave is indeed a shakeout, don't panic 2. The fleeting bloom is real, waiting to buy the dip 3. Those trapped should just accumulate chips, anyway it's been sideways for so long 4. The hourly chart at 91400 looks okay, there is support 5. Long and short eat meat, this experience is unmatched 6. I just want to know how much deeper it will fall... 7. I believe in the bullish tone, but the bears are really fierce right now 8. Every time they say it's a shakeout, is this one real or fake? 9. The 93000 target feels a bit far, let's watch 91500 first 10. ETH's current number is indeed a bit low, Bitcoin is stealing the spotlight 11. This operation rhythm is good, but I just didn't keep up 12. Repeated range trading, how many times have I heard this 13. I see the MACD green bars lengthening, but where is the bottom? 14. Support, support, in the end, it can't hold 15. The 91000-91500 zone is worth laying in wait
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