2025-12-31 16:24:08

ETH and BTC have been constantly fluctuating recently, with the overall trend resembling a door swinging back and forth. The pressure on ETH at the 3000 level is particularly obvious; several attempts to push higher lacked strength, so I consider 3000 as a temporary top area.

After the US stock market opened, ETH was the first to weaken. I opened my first short position at 2996, and it indeed dropped more than $10 afterward, initially confirming the direction. However, a oversold rebound occurred later, and I added to my position at 2991 with floating profits. Both times I used 1/3 of my position, which helps better control risk through phased entries.

From a macro perspective, the previous rise in precious metals drove BTC higher, but since yesterday, gold and silver have clearly weakened, coupled with policies from Chicago exchanges suppressing gold and silver, causing overall sentiment to weaken at the margin. Currently, with Christmas and New Year holidays, market liquidity is already low. If a downward breakthrough occurs, the trend could easily expand.

Overall, the current shorting opportunity offers good value. My first target is set below 2950, and I will dynamically adjust my strategy based on actual market movements.

ETH0,71%

BTC1,04%

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NeverPresent

· 2025-12-31 16:54

The 3000 level is indeed hard to break through, and I'm betting it will continue to drop. Just avoid catching the top with short positions... With such poor liquidity during the holiday, once the level breaks, it will accelerate.

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Liquidated_Larry

· 2025-12-31 16:54

3000 can't be held down, it's been obvious for a long time. This wave of shorting has a pretty good cost-performance ratio.

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PumpDoctrine

· 2025-12-31 16:53

The 3000 level is indeed a strong resistance; I also remain bearish. --- Entering in batches is a good strategy, but it does require some effort. --- The key point is the poor liquidity during the holiday, which makes it easy to be smashed. --- Precious metals have indeed weakened; even gold has topped out. --- Below 2950, got it. Keep watching. --- I almost got shaken out during that oversold rebound, haha. --- This shorting move feels like the odds are in our favor; I'm in. --- Why didn't I notice the Chicago gold and silver pressure? --- Using one-third position size is a veteran move, very stable. --- The "drawing door" analogy is excellent; it just captures that feeling.

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wrekt_but_learning

· 2025-12-31 16:33

The 3000 level is really tough, multiple attempts to break through feel futile. Adding to short positions with floating profits is satisfying, but I'm just worried about a false breakout biting back. The liquidity during the holiday period does feel a bit uncomfortable, easily causing a market crash. Let's see 2950, everyone, the target is clear. I've seen through the precious metals market; BTC bulls are not that easy to mess with. This round of shorting indeed isn't unprofitable, how should I put it... there's a bit of a gamble involved. ETH is oscillating and tormenting me; my one-third position strategy saved my life.

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