Bitcoin continues to weaken overnight, directly breaking through previous lows—indicating that the bulls haven't established a solid defense. Ethereum is even more exaggerated, plunging instantly to 3061, and the previously predicted order zone around 3065 was broken through so quickly.
From a technical perspective, this sharp drop is quite fierce. ETH's breakdown was very decisive, with no obvious support rebound, indicating that the market's short-selling sentiment is quite strong. Traders who entered the market indeed caught the dividend from this decline, but the key is to set moving stop-losses to prevent profits from being wiped out.
BNB and SOL, these second-tier coins, are also adjusting along with the overall environment. Whether they can hold steady at certain key levels remains to be seen. If Bitcoin and Ethereum continue downward, it will be difficult for them to stand apart.
Key reminder: For swing trading, be sure to set proper stop-loss levels. The market's pace changes quickly, and protecting your principal is the top priority.
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WenMoon
· 16h ago
It's dropping again. Where's my stop-loss order?
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ETH hit 3061 and really didn't give a chance to react. Should have escaped earlier.
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The bullish defense line is really collapsing. This wave of Bitcoin might be beyond saving.
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The pace is changing so fast it's ridiculous. Just focus on preserving the principal.
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BNB and SOL are following as casualties; second-tier coins are out of the game.
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Damn, the order zone was directly penetrated. All predictions are invalid.
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Moving stop-loss orders really need to be taken seriously; otherwise, profits will run away faster than the decline.
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BuyHighSellLow
· 01-12 19:13
Once again, it's the same story. The bulls got wiped out again, and 3061 couldn't hold. It's really outrageous.
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PrivateKeyParanoia
· 01-12 19:11
Did you set a stop-loss order again, brother?
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3061 broke through directly, this bear market is quite fierce.
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The promised 3065 can't hold, so you should run, don't be greedy.
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ETH broke down this time without a rebound, a bit timid.
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Secondary coins are just casualties, there's nothing we can do.
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Moving stop-loss is really a lifesaver.
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Principal is the key, profits are just fleeting.
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When Bitcoin weakens and drops, everyone has to kneel.
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If the bullish defense line collapses, everything collapses. This pace is ridiculously fast.
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It's great to have caught the dividend, those trapped should reflect.
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Such a decisive technical breakdown, the market really has no one to defend.
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GasFeeCrier
· 01-12 19:11
You keep smashing my long positions again, this market is really crazy.
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That position at 3061 is where I got liquidated. If I had known, I would have just laid low.
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Making a killing on shorts, while I’m still debating my stop-loss point.
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Damn, I got sidetracked again. Can anyone tell me if ETH can still rebound?
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Damn, capital is king. I’ve learned my lesson this time.
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Buying second-tier coins now just makes you the bag holder.
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Feels like the whole market is celebrating a bearish rally. I need to step back and get some air.
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Stop-loss, stop-loss, stop-loss. I need to get these three words tattooed on myself.
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If Bitcoin keeps crashing, I’ll admit defeat.
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This wave of decline is pretty fierce. Half of my contracts have already been liquidated.
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VirtualRichDream
· 01-12 18:58
It's the same story again, the bullish defense line is about to collapse.
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GateUser-a180694b
· 01-12 18:53
Did it dip again? Why hasn't my stop-loss order been executed yet?
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JustAnotherWallet
· 01-12 18:52
Another spike, ETH's speed is unbelievable, even at 3061 there's no chance to catch a breath.
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GovernancePretender
· 01-12 18:50
Falling again? I already set my stop-loss long ago, just waiting to buy the dip.
BTC, ETH, BNB, SOL Night Session Market Overview
Bitcoin continues to weaken overnight, directly breaking through previous lows—indicating that the bulls haven't established a solid defense. Ethereum is even more exaggerated, plunging instantly to 3061, and the previously predicted order zone around 3065 was broken through so quickly.
From a technical perspective, this sharp drop is quite fierce. ETH's breakdown was very decisive, with no obvious support rebound, indicating that the market's short-selling sentiment is quite strong. Traders who entered the market indeed caught the dividend from this decline, but the key is to set moving stop-losses to prevent profits from being wiped out.
BNB and SOL, these second-tier coins, are also adjusting along with the overall environment. Whether they can hold steady at certain key levels remains to be seen. If Bitcoin and Ethereum continue downward, it will be difficult for them to stand apart.
Key reminder: For swing trading, be sure to set proper stop-loss levels. The market's pace changes quickly, and protecting your principal is the top priority.