It's another new trading day. Yesterday, Bitcoin experienced a period of weakness, with a low of around 90600 in the early hours before stopping the decline and rebounding, then regaining the level around 91200. From yesterday's trend, the market indeed showed bullish signals, but the price action didn't quite cooperate; profitable trades were ultimately lost due to greed—this is the reality of trading.
From a technical perspective, on the daily chart, after a continuous rise, a large bearish candle appeared, pulling back. Although the pullback was significant, based on the trend indicated by the candlestick pattern, a single bearish candle is not enough to signal a trend reversal. In other words, the current short-term pullback is just a technical correction, not a trend change.
Looking at the 4-hour chart, the price has already retraced to the lower Bollinger Band support area and clearly halted the decline. What does this indicate? The downward space below is limited, and the bearish momentum is clearly weakening here. Therefore, chasing short positions at current lows carries high risk and could be met with a rebound that hits back.
Based on this judgment, the strategy for Thursday's early trading session is: consider long positions in the 91000-90500 range, with targets focusing on the upper zone of 93000-95000. Although this logic seems simple, executing it requires patience and discipline.
Ultimately, there are no shortcuts in trading. Overnight riches are always a dream; steady and disciplined trading is the way to survive. The market will test your patience, and only those who can maintain discipline in the long run will have the chance to achieve steady profits.
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Layer3Dreamer
· 15h ago
theoretically speaking, if we map this price action onto a recursive state verification model... the bollinger band support at lower timeframes is basically acting like a zk-proof verification checkpoint, ngl. those who kept adding shorts are gonna get rekt.
Reply0
Deconstructionist
· 01-08 20:46
Another day of being backstabbed by greed, haha
Trying to go long again? Let's see if it can really stop the decline
Discipline is easy to talk about but really hard to practice. I haven't stuck to it more than a few times
93,000 to 95,000? First, let's see if we can hold steady at 91,000 before talking about that
Talking about getting rich overnight is all nonsense; it’s just about who can survive the longest
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StakeHouseDirector
· 01-08 00:52
It's another greedy loss, I know this trick too well.
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GateUser-4745f9ce
· 01-08 00:52
Greedy really leads to huge losses, so true. That's my daily routine.
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NFTRegretDiary
· 01-08 00:42
Greed is really the biggest enemy in trading. Yesterday's wave was a vivid lesson.
It's another new trading day. Yesterday, Bitcoin experienced a period of weakness, with a low of around 90600 in the early hours before stopping the decline and rebounding, then regaining the level around 91200. From yesterday's trend, the market indeed showed bullish signals, but the price action didn't quite cooperate; profitable trades were ultimately lost due to greed—this is the reality of trading.
From a technical perspective, on the daily chart, after a continuous rise, a large bearish candle appeared, pulling back. Although the pullback was significant, based on the trend indicated by the candlestick pattern, a single bearish candle is not enough to signal a trend reversal. In other words, the current short-term pullback is just a technical correction, not a trend change.
Looking at the 4-hour chart, the price has already retraced to the lower Bollinger Band support area and clearly halted the decline. What does this indicate? The downward space below is limited, and the bearish momentum is clearly weakening here. Therefore, chasing short positions at current lows carries high risk and could be met with a rebound that hits back.
Based on this judgment, the strategy for Thursday's early trading session is: consider long positions in the 91000-90500 range, with targets focusing on the upper zone of 93000-95000. Although this logic seems simple, executing it requires patience and discipline.
Ultimately, there are no shortcuts in trading. Overnight riches are always a dream; steady and disciplined trading is the way to survive. The market will test your patience, and only those who can maintain discipline in the long run will have the chance to achieve steady profits.