Recent short-selling strategies have been yielding decent returns, although holiday trading volume has somewhat slowed the pace of gains. From a technical perspective, the recent market correction has been relatively mild—Bitcoin retraced about 2%, while Ethereum's decline was slightly larger, around 3%.
Regarding Bitcoin, the trendline support remains solid, and the price is currently in a slight rebound phase. On the Ethereum side, the Fibonacci 0.236 level (2889) has successfully held, but subsequent resistance levels to watch are around 2954.
In the short term, overall market liquidity is somewhat tight, creating some uncertainty for short-term trading. If today's rebound lacks strong momentum or clear volume breakout signals, Bitcoin may face resistance in the 87500-88000 range, and Ethereum around 2954. Under such conditions, without sufficient breakout volume, it may be prudent to continue looking for shorting opportunities.
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PonziDetector
· 10h ago
Holiday trading volume is thin like this, anyway some people make money while others lose. I think this rebound's strength is indeed average, nothing special.
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OnlyOnMainnet
· 10h ago
Holiday liquidity really drags things down; I feel like I should wait for volume confirmation before taking action.
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UnluckyMiner
· 11h ago
The weak market during the holiday is really a trap, and the short-term gains are somewhat disappointing... But looking at this level, there is indeed a chance to continue shorting, just need to be careful not to get caught by a rebound.
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MetaDreamer
· 11h ago
Holidays are indeed a good time to harvest profits; liquidity tightens and it's easy to fall into traps. Your short-selling strategy seems quite clear, just be careful not to get caught off guard.
Recent short-selling strategies have been yielding decent returns, although holiday trading volume has somewhat slowed the pace of gains. From a technical perspective, the recent market correction has been relatively mild—Bitcoin retraced about 2%, while Ethereum's decline was slightly larger, around 3%.
Regarding Bitcoin, the trendline support remains solid, and the price is currently in a slight rebound phase. On the Ethereum side, the Fibonacci 0.236 level (2889) has successfully held, but subsequent resistance levels to watch are around 2954.
In the short term, overall market liquidity is somewhat tight, creating some uncertainty for short-term trading. If today's rebound lacks strong momentum or clear volume breakout signals, Bitcoin may face resistance in the 87500-88000 range, and Ethereum around 2954. Under such conditions, without sufficient breakout volume, it may be prudent to continue looking for shorting opportunities.