2026-01-17 03:27:02

Dear friends, recently the market has been like hitting a wall. Bitcoin surged to around $98,000 last night but then started to hesitate, with bulls and bears stuck in a stalemate, neither side willing to give way. Coincidentally, Trump’s tariff policies are once again gaining momentum in public discourse, which at this point naturally invites more speculation.

My own approach is quite straightforward — I’ve mostly cashed out my long positions earlier, and now I’m just watching the show. Honestly, in times of high uncertainty, protecting the profits already in hand is far more pragmatic than trying to guess the next move.

Why is the $98,000 level so stubborn? Simply put, it’s a psychological barrier. Price levels that haven’t been effectively broken through over the long term tend to accumulate significant selling pressure. Every time the price approaches this level, the trapped positions become restless, and a clash between bulls and bears often results in a fierce battle. From a technical perspective, this is not only a high-density trading zone but also a psychological dividing line in the market.

What’s the current issue? The inflow of funds into the US spot Bitcoin ETF has noticeably slowed, even stopping over the weekend, which means the critical momentum needed for a breakout has vanished. On the futures side, long positions are frequently being liquidated, further intensifying the market’s volatility.

Don’t underestimate the power of policies like Trump’s tariffs. Every time such measures are announced, they stir the market. Remember April 2025? After the tariff policy was implemented, Bitcoin dropped directly to $74,500 before beginning to rebound and recover. Policy uncertainty often causes panic in the short term, with risk assets bearing the brunt.

The current situation is like this: whether $98,000 will break through or retreat depends heavily on the market’s reaction after the policy is implemented. Instead of blindly gambling, it’s better to observe first and act once the signals become clearer. There are plenty of opportunities in the market; there’s no need to charge forward blindly through the fog.

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PumpDoctrine

· 9h ago

98,000 is really a psychological barrier that no one can cross Speaking of which, the signal of ETF suspension is a bit hard to hold up Rather than just staring blankly here, it's better to wait until Trump's tariff shoe drops The initial profits have already been taken, so the rest is just for entertainment Charging through the thick fog is easy to overturn, so I’ll continue to lie flat and observe

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MoneyBurnerSociety

· 01-17 03:52

98k is this? I already completely flatlined earlier, now just see who takes the final baton This wave of cash-out operations is truly brilliant, brothers, don't gamble on policies, you can't beat Trump I knew ETF would stop flowing, this breakdown is going to be cold Contract liquidation extravaganza, my professional project finally has someone to play with me Charging blindly in the thick fog is just giving away, wait for the signal, that's true wisdom The psychological defense line is just like that, 98k and 94k are essentially the same Tariffs drop again, and it's back to half, our reverse researcher understands this too well Holding onto profits is the key, a gambler's mentality is the fastest way to lose money I just watch you all betting here, I sit firmly at the fishing platform The moment my long position was liquidated, my negative alpha finally shined brightly

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ThesisInvestor

· 01-17 03:43

98,000 is really the breaking point; capital flow has stopped + policy expectations, a double whammy Just wait, I’ve also cashed out everything. Let’s see what kind of tricks Trump pulls this time There’s nothing wrong with talking about psychological defenses, but the key now is that ETF has no momentum, and the bulls are really a bit weak I’ve said it long ago, don’t bet on policies. The last time in April, it only dropped to 74,500. This time, it might have to bottom out again Anyone aiming for 98k will have to eat noodles; it’s better to stay calm and observe, the opportunity can’t run away anyway

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AirdropChaser

· 01-17 03:31

98K is really a tough barrier, let's wait for the signal. --- I also cashed out, no more gambling. --- Once tariffs are implemented, they'll probably drop again, history always repeats. --- The halt of ETF inflows is a signal, no one is willing to take the risk anymore. --- Protecting profits > betting on the direction, I agree with that. --- Long positions getting wiped out like this, still want to break through? You're overthinking it. --- 98,000 is just a psychological barrier; if it can't break through, it'll just drop further. --- Watching the show is the most comfortable, neither losing nor gaining but feeling good. --- As soon as policies are announced, the market explodes; risk assets are the first to get hit. --- It seems we need to continue oscillating; no rush to get in. --- Charging in thick fog is just asking for death, that’s no lie.

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BlockDetective

· 01-17 03:30

98000 is indeed a tough barrier, but I think chasing highs now is just asking to be trapped. The tariff policy was cut in half immediately after implementation, history always repeats itself. I'm with you on this wave; I already exited the long positions early. Now it's just watching the show. When capital flow stops, it's a signal. Don't pretend you don't see it. Wait for the policy dust to settle before getting in; there's no rush.

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