BTC has now retested the key target level of 90599. From a technical perspective, there are indeed good short-term long opportunities here.



Looking at the resistance levels, there are three obvious obstacles: 91672, 92062, and 92835. These levels are likely to generate selling pressure. Conversely, the support levels are at 90599, 89950, and 88388.

Today's focus is on observing the 30-minute chart. As long as these supports are not broken, a rebound is very likely to occur at the 4-hour moving average level. In this case, there are opportunities to enter the market.

For trading, it is recommended to frequently take small profits, especially in short-term trades. Re-enter at support levels, and consider short positions near resistance levels with moderate size, but strictly control the order size. This approach allows capturing swings while better managing risk.
BTC-0,87%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 9
  • Repost
  • Share
Comment
0/400
RektButSmilingvip
· 01-08 18:10
90599 this level is indeed interesting, but I think the key is whether we can hold above 89950, otherwise it will be awkward below. Frequent take profits sound good, but in real trading, everyone is prone to greed... Forget it, let's try with a small amount.
View OriginalReply0
CryptoMomvip
· 01-08 09:15
90599 this position is indeed a trap; stepping into it easily gets you caught. I think the small profit-taking strategy still needs to be followed—don't be greedy. --- Playing short-term like this is too risky. I still prefer to hold at 89950 and wait for a rebound. Just test the resistance level and don't rush in. --- There are all kinds of support and resistance levels, but the key is whether the 30-minute chart can show some signs of movement; otherwise, it's all just talk. --- Frequent small profit-taking sounds good, but in practice, it's easy to be toyed with by the market. How do you handle it? --- I think the recent drop to 90599 looks more like a trap set by the main players to lure in shorts. Don't rush to buy the dip; let the bullets fly a bit longer. --- I've tried the moving average rebound strategy before, but the success rate isn't that high. It still depends on trading volume. --- Basically, it's about controlling risk. Many people fail because of greed. --- That resistance at 91672 will probably be tested several times. Only those with patience can earn that money.
View OriginalReply0
DEXRobinHoodvip
· 01-08 02:51
90599 this position is indeed interesting, just worried it might be a false alarm again I've been using this small profit-taking method all along, but it's easy to blow up your mentality haha Strictly controlling the size of the trades? Easier said than done, everyone Can we catch the rebound to 92062 in this wave?
View OriginalReply0
NFTDreamervip
· 01-08 02:50
90599 this level is indeed interesting, I'm a bit tempted by the short-term long opportunity. The support line still feels solid, let's see if we can hold above 89950. Small profit-taking is indeed a reliable tactic, it's much more reassuring than going all-in. I'm a bit wary of the 92062 resistance level, it's easy to get smashed through. But it still depends on the 30-minute performance, don't just look at the data and get carried away.
View OriginalReply0
ETH_Maxi_Taxivip
· 01-08 02:49
90599 at this position is indeed interesting, but I'm more concerned about whether we can really hold the 89950...
View OriginalReply0
MemecoinTradervip
· 01-08 02:47
ngl the 30min candles gonna tell the whole story here... watching 90599 like a hawk rn, that support layer is lowkey where the real alpha starts brewing
Reply0
AllInAlicevip
· 01-08 02:45
It's the same 90599 story again, I've been listening to it for half a year haha
View OriginalReply0
BugBountyHuntervip
· 01-08 02:42
90599 this level is indeed interesting. I like this small-profit take-profit approach, but I'm just worried about human nature.
View OriginalReply0
ChainProspectorvip
· 01-08 02:34
The 90599 position is indeed attractive, but I think the key is to hold the 89950 level, otherwise the story at the 89 bottom will repeat itself.
View OriginalReply0
View More
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)