2026-01-06 16:24:01

Tonight I will share some market observations with everyone.

In the broader environment, the US stock market has risen slightly, but the rhythm of the crypto market is a bit different. BTC has been struggling around 94,000 in the past two days, unable to break through, and technically there is indeed a need for adjustment. My suggestion is to consider short positions around 94,000, with a stop loss set at 95,000, and a target around 91,000. If there is a volume-driven break below 93,000, then the probability of reaching around 91,000 is very high. I am still holding a short position myself, and I will definitely wait to take some profit before exiting.

ETH's situation is similar; shorting around 330 is appropriate, with a re-entry at 3350, a stop loss at 3400, and a target near 3100.

SOL has recently been around 145, and you can also short here, with a re-entry at 148, a stop loss at 150, and a target near 3135 below.

It’s worth noting that although the overall trend is still upward, now is not the time to blindly chase the rally. There are indeed opportunities to buy on dips, but be sure not to chase longs at high levels like 94,000, as the risk is too great. Instead of rushing into positions, it’s better to wait for safer opportunities; holding cash is also a valid choice.

BTC-0.33%

ETH0.43%

SOL-1.18%

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0xOverleveraged

· 01-08 18:37

The 94,000 level is indeed a dead end; I'm also waiting for a breakout. I haven't caught the short position yet, feeling a bit anxious. Anyway, chasing longs at high levels is just giving away money. I'd rather stay in cash than jump on the train. ETH and SOL are moving in the same rhythm, it feels like history is about to repeat itself. This pullback is the real opportunity. What are you in such a hurry for now?

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MEV_Whisperer

· 01-07 11:37

94k, this wall is really tough. Looks like I have to wait for it to drop before I have a chance. Holding short positions is comfortable, just worried about a V-shaped rebound in the opposite direction.

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AirdropHunter

· 01-06 16:51

The 94,000 level is indeed tough; the short positions have already entered. ------ Here comes the bearish talk again, but I still remain bullish. ------ Wait, is the SOL target written as 3135 a typo? The drop is outrageous. ------ I agree not to chase highs, but even if it drops sharply, I might not dare to buy the dip; my mindset is exploding. ------ Those holding short positions are waiting for this wave of decline; wishing everyone profits. ------ The US stocks are rallying, but does BTC still need to correct? It doesn't quite match up. ------ Holding a no-position is also an option; I find this statement the most agreeable. ------ If the 91,000 level really comes, just buy the dip directly; think in reverse. ------ ETH's technical position looks okay, but why does it seem like it's still adding to positions on the way up? ------ Honestly, if 94,000 can't be broken, it's time to wake up; the technicals are indeed signaling a stop.

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StopLossMaster

· 01-06 16:48

The 94,000 level really became a hurdle, and short positions should be handled like this Wait, the SOL target is set at 3135? Isn't that a direct cut in half... Those chasing the high should really learn a lesson this time. I'm also holding a short and feeling uncomfortable, but at least I'm still alive

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ruggedSoBadLMAO

· 01-06 16:45

94,000 is really a tough barrier; short positions just sit back and profit comfortably. --- Another night of "waiting for the right opportunity," and my short positions are very comfortable. --- NGL, this dip really is giving away money; just see who dares to take it. --- BTC has been dragging its feet these past couple of days, so annoying. --- Let's see if we hit 91,000, everyone. I'm already prepared.

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StableGenius

· 01-06 16:39

nah this 94k resistance is pretty textbook at this point... empirically speaking the setup's there but honestly everyone and their grandma sees it now which is exactly why it probably won't play out lol

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