Bitcoin's recent trend has indeed broken the constraints of the triangle pattern. Although this wave of rally has considerable momentum, the acceleration phase has basically been completed. From a technical perspective, the current price remains near the upper edge of the ascending wedge, which presents us with an interesting trading opportunity.
The next focus is on the secondary high point. From the daily chart, although there are some signs of reversal, they are not enough to change the short-term trend. More importantly, the upcoming high point area—targeting the 95,000-96,000 price range for a short position—is currently a relatively ideal choice.
Regarding specific strategies, it can be divided into two steps: first, open a small position to test the waters; when the price reaches around 96,000, gradually add to the position. This approach helps to control the pace and reduce risk. The first target is set at around 91,000, with the basic expectation that after the secondary high point forms, there will be a relatively obvious decline.
Although the triangle pattern has completed, considering the overall wedge structure and current position, short positions are indeed worth trying. Of course, this is just a technical observation; actual trading should also incorporate personal risk management.
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TokenUnlocker
· 01-14 15:47
Shorting at 96,000? I think I'll wait and see
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The recent high is a bit risky, feels like it could be washed out
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Usually, a wedge break leads to a stronger rebound, be careful
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Trying a small position is okay, but don't go all in
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Isn't a 91,000 stop-loss too shallow, brother?
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This rally has just started, I think shorting is too early
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Has the acceleration phase finished? I don't see it
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There’s usually another wave after breaking the triangle, don’t rush to short
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The 95,500 resistance is quite strong, it might be worth a try
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Risk management is the most important, everything else is just talk
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Where are the daily reversal signs? I didn't see clearly
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Scaling in gradually is a good idea, but the target is a bit uncertain
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The upper edge of the wedge is indeed a good shorting point
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SnapshotLaborer
· 01-14 12:07
96,000 short? That's pretty bold of you
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LiquidityNinja
· 01-14 03:49
96,000 empty? Sounds a bit uncertain, I'm still observing.
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0xInsomnia
· 01-14 03:34
Starting to draw lines again. Can the short position not get crushed again this time?
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wrekt_but_learning
· 01-14 03:26
Are you opening another short position? I see someone has already been guarding the 96,000 level for a while.
Bitcoin's recent trend has indeed broken the constraints of the triangle pattern. Although this wave of rally has considerable momentum, the acceleration phase has basically been completed. From a technical perspective, the current price remains near the upper edge of the ascending wedge, which presents us with an interesting trading opportunity.
The next focus is on the secondary high point. From the daily chart, although there are some signs of reversal, they are not enough to change the short-term trend. More importantly, the upcoming high point area—targeting the 95,000-96,000 price range for a short position—is currently a relatively ideal choice.
Regarding specific strategies, it can be divided into two steps: first, open a small position to test the waters; when the price reaches around 96,000, gradually add to the position. This approach helps to control the pace and reduce risk. The first target is set at around 91,000, with the basic expectation that after the secondary high point forms, there will be a relatively obvious decline.
Although the triangle pattern has completed, considering the overall wedge structure and current position, short positions are indeed worth trying. Of course, this is just a technical observation; actual trading should also incorporate personal risk management.