2026-01-03 10:23:16

January 3rd BTC Market Summary and Outlook

This morning's placement around 89,500 indeed hit the mark precisely. From the afternoon to now, Bitcoin has been fluctuating around this price level, and friends who were caught in previous positions should have seen a turning point; those looking to bottom fish have also caught some gains.

From a technical perspective, the hourly chart of Bitcoin shows a clear downward turning signal. The short-term upward momentum is weakening, and the opportunity for a bearish trend is gradually emerging. This is an ideal time to look for pullback opportunities to establish short positions.

Saturday night’s advice is: short in the range of 89,800 to 90,000, with the lower target around 88,500. Keep a close eye on these key levels, as the market rhythm is changing.

BTC-7,45%

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MentalWealthHarvester

· 01-06 08:51

89500 That wave really wasn't bragging, it's just the feel of it.

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RamenStacker

· 01-04 22:00

89500 that wave indeed didn't run, but do you still dare to short at this level? Feels like the risk is a bit high.

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FlashLoanKing

· 01-03 10:50

89500 that wave was indeed precise. If I had known earlier, I would have followed. Now, looking at the bearish logic makes sense as well. Let's see if 88500 can hold.

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TideReceder

· 01-03 10:47

89500, this precise move is truly amazing. Still, you have to follow the trend of Bitcoin.

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SelfCustodyIssues

· 01-03 10:41

89500 That wave indeed wasn't a waste of time, but it got annoying when it couldn't be pushed further afterward.

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HackerWhoCares

· 01-03 10:35

89,500 is indeed a comfortable level to short now, but let's see if we can hold it... Be cautious with short positions; I think there's still risk around 89,800-90,000. Can it really reach 88,500 if it goes down? The recent trend doesn't seem quite right. I've already taken profits from the bottom; now betting on a trend reversal with shorts is really risky, I don't dare to go all in. Is 88,500 the key support? If it breaks, it might continue to decline. Should we set a stop-loss? The setup this morning, wow, I'm still caught inside... Is a shorting opportunity emerging? I can't quite understand it yet, could the experts give some guidance? There's definitely resistance around 90,000, but it might not go down; let's wait a few days and see. Can this wave retrace to 88,500? The downward space doesn't seem as big as I imagined.

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