Shorting Bitcoin from the 90700 level, it rebounded surprisingly quickly when it dropped to 89800. This 700-point move was still caught. But currently, Bitcoin is oscillating around the 90,000 mark, and this kind of stalemate can indeed be frustrating if you watch it for too long. Our original target for the wave is still a bit away, but since the profits are already in hand, it's better to secure the gains rather than continue to hope for a bigger rally. The market's repetitive oscillation rhythm means you should lock in your existing profits and not be too greedy. Ethereum and other cryptocurrencies are also swinging at the moment; it might be wiser to wait and see rather than chase the highs and sell the lows. Weak non-farm payroll data and expanding trade deficits in the macro environment are still fermenting in the short term, and volatility is likely to continue.
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PhantomMiner
· 23h ago
Scoring 700 points is okay, but this rebound is a bit too rapid, it feels like a trap to trigger stop-loss.
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AlphaWhisperer
· 01-12 02:39
The rebound is so quick that it's really hard to get out of the squeeze. It's safer to run first.
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InfraVibes
· 01-10 14:40
This rebound speed is really incredible, catching 700 points in one go, I’m impressed.
If you ask me, it’s time to take profits; greed is the biggest risk.
The 90,000 level is indeed frustrating; it’s better to lie low and observe for now.
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ContractBugHunter
· 01-09 16:56
A 700-point rebound is indeed quite strong, but this tug-of-war with 90,000 yuan is really annoying.
Hey, are you really not chasing anymore? I was still hoping to gamble a bit, but forget it, better to secure the profits.
The US stock market is struggling again, and the crypto circle is suffering along with it. The macro environment is indeed disappointing.
This stalemate is intense, it's making me a bit restless.
Wait, why are you all afraid to chase now? I thought I might witness some waves.
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OnChain_Detective
· 01-09 16:52
nah that 700 pt bounce looked sus tho... pattern analysis suggests something's off with the volume structure. got the data pulled - flagged transactions around 89800 showing weird clustering. not financial advice but always DYOR before taking profits. macro headwinds + these anomalies = higher risk indicators imo.
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OnlyOnMainnet
· 01-09 16:49
The rebound speed is indeed a bit crazy, with 700 points directly eaten up, but greed should be restrained.
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TommyTeacher
· 01-09 16:46
I ran away at 700 points, can't be greedy.
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NFTArchaeologist
· 01-09 16:39
The joy of bottom fishing is gone; now it's just annoying. I should have left earlier.
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Lonely_Validator
· 01-09 16:30
The rebound was so quick, it caught me off guard. Luckily, I took profits in time.
Shorting Bitcoin from the 90700 level, it rebounded surprisingly quickly when it dropped to 89800. This 700-point move was still caught. But currently, Bitcoin is oscillating around the 90,000 mark, and this kind of stalemate can indeed be frustrating if you watch it for too long. Our original target for the wave is still a bit away, but since the profits are already in hand, it's better to secure the gains rather than continue to hope for a bigger rally. The market's repetitive oscillation rhythm means you should lock in your existing profits and not be too greedy. Ethereum and other cryptocurrencies are also swinging at the moment; it might be wiser to wait and see rather than chase the highs and sell the lows. Weak non-farm payroll data and expanding trade deficits in the macro environment are still fermenting in the short term, and volatility is likely to continue.