2026-01-09 16:28:47

From the perspective of Elliott Wave Theory, Bitcoin's pattern has basically completed, but Ethereum has not yet gone through the entire cycle. More importantly, the timing is not yet right, and more patience is needed in the short term.

For this reason, last night around 89,000, I chose to close all short positions. This rebound may continue, but it is not advisable to chase long positions now. The prudent approach is to wait until next week for clear signals before taking action.

Looking back at this week's operations, I already indicated that the indicator was approaching the top at the 3300 level, and I went short at that time. As expected, the market cooperated by plunging to 3050.

Regarding aggressive counter-trend long opportunities, theoretically, after closing all shorts last night, one could immediately go long. However, given the bearish market environment, if the operation fails, long positions could be trapped at the top. The potential profit at that point is not worth the risk, so it's better to hold off.

The ideal short entry points are around 96,000 for Bitcoin and about 3,500 for Ethereum. However, in actual trading, you can consider gradually building short positions starting from 94,000 for Bitcoin and 3,300 for Ethereum. Stay observant and wait for confirmation signals next week.

BTC0,04%

ETH0,26%

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pvt_key_collector

· 22h ago

The bear market still needs to stabilize. Don't be tempted by the rebound. If next week's signals don't come out, just sit back and watch the show.

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DaoTherapy

· 01-09 16:57

Still daring to chase the bull in a bear market? Isn't that asking for death? Or wait until next week for more stable signals.

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TokenomicsDetective

· 01-09 16:57

It's the old trick of "waiting for next week's signal" again. When will you admit that you're just gambling? Wave theory is great for armchair strategizing after the fact.

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SelfCustodyIssues

· 01-09 16:56

Clearing short positions was a pretty good move, but I think you underestimated the rebound strength. It might continue to rise next week. Wait, that move around 3300 was indeed very accurate. I also went short near that level last week and made the same profit as you. But to be honest, those chasing longs now are probably just retail traders. We share the same view, so let's wait and see. There's no problem with shorting at 94,000, but I'm just worried it might not drop again. This market is so damn frustrating. Actually, the hardest part right now is this timing. The indicators are giving all sorts of confusing signals. I'll wait until next week, and I’m also waiting.

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zkProofInThePudding

· 01-09 16:55

It's the same old trick of "patiently waiting for signals." The last time I said that, I was already crying at the top of the mountain.

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TokenUnlocker

· 01-09 16:55

Clearing short positions is smart, but chasing longs now really feels like gambling. Better hold onto your wallet. Wait, did you really catch it at 3050? I feel like I always catch falling knives. Wait for a clear signal next week before taking action. I've heard this many times, and I still end up missing out. Greed in a bear market is death. I've learned this the hard way. I've memorized the levels at 96,000 and 3,500, but I feel like I should wait a bit longer.

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SerumSurfer

· 01-09 16:51

Closing short positions is just being cowardly, and I still have to wait for Monday's signal? I don't think this rebound can go very far.

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