This Friday's market rhythm is actually quite interesting. It hasn't stopped since early morning. Although the daytime saw a gradual rise, Bitcoin directly surged to the strong resistance level of 90,000 in the evening, then pulled back. The US stock market opened high but then declined again, and the market followed suit, pushing upward to a high of 90,945. After this rally, there is an almost thousand-point correction space, currently oscillating around 89,800.
ETH is also following BTC's rhythm, reaching 3,149, and is now fluctuating around 3,100.
Honestly, this week's trading experience has been average. On Friday morning, I saw that the correction wasn't enough, so I set up long positions, earning a maximum of just over a thousand points. Later, I tried two short positions, both entered at the top of the range, but were immediately swept out by a sharp rise. Fortunately, I made some partial recoveries in batches early Saturday morning, which helped stop the bleeding.
From a technical perspective, the Bollinger Bands are showing a clear convergence signal. Bitcoin was initially suppressed by the middle band and pulled back, then gradually broke above the middle band, recently breaking through the upper band and then retesting, with the Bollinger Band mouth tightening significantly. This pattern usually indicates an imminent trend reversal.
On the 4-hour chart, BTC completed a surge and formed a high-level consolidation near the upper Bollinger Band. The doji candlestick completed a short-term technical correction but without a deep retracement, indicating that a short-term pullback is a normal demand and also confirming that the bullish trend has been established. The bullish momentum continues to ferment, and the selling pressure from bears is gradually dissipating. The market structure for the bulls is becoming more stable. From the market's performance, a clear bullish logic has already formed.
On the hourly level, the upward channel extension is very clear. The strong surge in the evening effectively broke through a key resistance, and the price is now holding above the previous resistance zone, opening the door for further upward movement. The market is expected to continue challenging the next target resistance area along the upper channel boundary.
From a trading perspective, it is recommended to use pullback lows as entry points for long positions, following the oscillating upward trend to capture swing trades. Don't be greedy; go with the trend.
**Suggested operational strategies:** BTC: Long positions in the 89,000-89,500 range, target 92,000 ETH: Long positions in the 3,100-3,120 range, target 3,250
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RumbleValidator
· 9h ago
I saw the Bollinger convergence signal, but the wave of liquidation in the quantification was indeed fierce. Your approach is fine, but the entry point is still a bit off; I think we need to wait a bit longer to verify the 89000 level.
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DancingCandles
· 17h ago
Quantitative trading was swept again, this week really is unbelievable
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The Bollinger Bands are converging, it feels like a trend reversal is coming
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I can't get into 90,000 no matter what, better wait for a pullback
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That surge in the early morning was really fierce, all the short positions were shattered
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Is the bullish trend confirmed? I always feel like it's about to crash at any moment
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Reaching 92,000 is a bit greedy, let's look at 90,500 first
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Quantitative trading is really disgusting, always sweeping at the top
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Recovered quite a bit early Saturday morning, saved this week's embarrassment
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Is entering long at 3100 still a bit risky? Could there be a second bottom
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Going with the trend sounds easy, but actual trading is too difficult
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This week's market was like a roller coaster, I'm exhausted
View OriginalReply0
memecoin_therapy
· 01-03 19:53
Once again, it has been washed out by quantification, this feeling really hurts.
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The Bollinger bands are so tight, it feels like it's about to take off.
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The move on Friday indeed couldn't show its strength; I was swept multiple times just like you.
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Entering around 89,000 still feels stable; now it's just a matter of whether we can break through 90,000 smoothly.
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ETH is swinging so wildly with BTC; when will it have its own rhythm?
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This week's gains weren't much, but at least I didn't lose anything. Feeling grateful.
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Such an obvious sign of a trend reversal, could it be another false breakout?
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Following the trend sounds simple, but why is it so hard to do in practice?
View OriginalReply0
BugBountyHunter
· 01-03 17:56
Oh no, it's another week of being wiped out by quantization. It really feels terrible.
Once again, I got my face slapped at 90,000. I was waiting for a pullback to add more, but I guess I was a bit greedy.
I also saw the Bollinger Bands convergence this time, but I still feel it's not that simple.
Going with the trend is fine, but I'm just afraid of falling into another trap.
View OriginalReply0
DaoDeveloper
· 01-03 00:51
the bollinger squeeze pattern here is genuinely interesting tho... not just the usual technical setup. when you see that kind of mean reversion + upper band rejection combo, it usually signals the market's incentive structures are shifting. think of it like a consensus mechanism reaching equilibrium before consensus change happens
Reply0
PhantomMiner
· 01-03 00:51
Quantitative trading is coming after me again. The move on Friday was a direct grind on the ground. Now it looks a bit uncertain about 92,000.
View OriginalReply0
ForkItAll
· 01-03 00:46
Once again, I was swept by quantification, my mentality is really崩
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The Bollinger Band convergence this time is indeed prone to issues, let's wait for a pullback before acting
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Missed out on the 90,000 wave, now I'm regretting it
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Following the trend sounds simple, but actually operating is still a back-and-forth slap
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This weekend's market has been playing with heartbeat, I was so scared that I just took a break
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Is the bullish pattern established? Let's wait and see, anyway I am now out of the market
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Hold between 3100~3120, aiming for 3250 feels a bit greedy
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The slaughter on Friday was really outrageous, both bulls and bears were dying
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It's good enough that the stop-loss was successful, don't think about making money anymore haha
View OriginalReply0
MetaMaximalist
· 01-03 00:22
ngl, the bollinger squeeze is textbook—volatility contraction preceding directional movement is literally network economics 101. most retail won't see it coming tho
This Friday's market rhythm is actually quite interesting. It hasn't stopped since early morning. Although the daytime saw a gradual rise, Bitcoin directly surged to the strong resistance level of 90,000 in the evening, then pulled back. The US stock market opened high but then declined again, and the market followed suit, pushing upward to a high of 90,945. After this rally, there is an almost thousand-point correction space, currently oscillating around 89,800.
ETH is also following BTC's rhythm, reaching 3,149, and is now fluctuating around 3,100.
Honestly, this week's trading experience has been average. On Friday morning, I saw that the correction wasn't enough, so I set up long positions, earning a maximum of just over a thousand points. Later, I tried two short positions, both entered at the top of the range, but were immediately swept out by a sharp rise. Fortunately, I made some partial recoveries in batches early Saturday morning, which helped stop the bleeding.
From a technical perspective, the Bollinger Bands are showing a clear convergence signal. Bitcoin was initially suppressed by the middle band and pulled back, then gradually broke above the middle band, recently breaking through the upper band and then retesting, with the Bollinger Band mouth tightening significantly. This pattern usually indicates an imminent trend reversal.
On the 4-hour chart, BTC completed a surge and formed a high-level consolidation near the upper Bollinger Band. The doji candlestick completed a short-term technical correction but without a deep retracement, indicating that a short-term pullback is a normal demand and also confirming that the bullish trend has been established. The bullish momentum continues to ferment, and the selling pressure from bears is gradually dissipating. The market structure for the bulls is becoming more stable. From the market's performance, a clear bullish logic has already formed.
On the hourly level, the upward channel extension is very clear. The strong surge in the evening effectively broke through a key resistance, and the price is now holding above the previous resistance zone, opening the door for further upward movement. The market is expected to continue challenging the next target resistance area along the upper channel boundary.
From a trading perspective, it is recommended to use pullback lows as entry points for long positions, following the oscillating upward trend to capture swing trades. Don't be greedy; go with the trend.
**Suggested operational strategies:**
BTC: Long positions in the 89,000-89,500 range, target 92,000
ETH: Long positions in the 3,100-3,120 range, target 3,250